ADT 2007 Annual Report Download - page 26

GOVERNANCE OF THE COMPANY
Our Corporate Governance Principles
Our corporate governance principles are embodied in a formal document that has been approved
by Tyco’s Board of Directors (the ‘‘Board’’). It is posted on our website at www.tyco.com under the
heading ‘‘Corporate Responsibility—Governance’’. We will also provide a copy of the corporate
governance principles to shareholders upon request.
Vision and Values of Our Board
Tyco’s Board is responsible for directing and overseeing the management of Tyco’s business in the
best interests of the shareholders and consistent with good corporate citizenship. In carrying out its
responsibilities, the Board selects and monitors top management, provides oversight for financial
reporting and legal compliance, determines Tyco’s governance principles and implements its governance
policies. The Board, together with management, is responsible for establishing the Company’s values
and code of conduct and for setting strategic direction and priorities.
While Tyco’s strategy evolves in response to changing market conditions, the Company’s vision and
values are enduring. Our governance principles, along with the Company’s vision and values, constitute
the foundation upon which the Company’s governance policies are built. Our vision, values and
principles are discussed below.
Tyco believes that good governance requires not only an effective set of specific practices but also
a culture of responsibility throughout the firm, and governance at Tyco is intended to optimize both.
Tyco also believes that good governance ultimately depends on the quality of its leadership, and it is
committed to recruiting and retaining Directors and officers of proven leadership and personal
integrity.
Tyco Vision: Why We Exist and the Essence of Our Business
To be our customers’ first choice in every market we serve by exceeding commitments, providing
new technology solutions, leveraging our diverse brands, driving operational excellence, and committing
to the highest standards of business practices—all of which will drive Tyco’s long-term growth, value,
and success.
Tyco Values: How We Conduct Ourselves
Integrity: We demand of each other and ourselves the highest standards of individual and
corporate integrity with our customers, suppliers, vendors, agents and stakeholders. We vigorously
protect Company assets and have policies and compliance systems designed to ensure compliance with
all Company policies and laws.
Excellence: We continually challenge each other to improve our products, our processes and
ourselves. We strive always to understand our customers’ and suppliers’ businesses and help them
achieve their goals. We are dedicated to diversity, fair treatment, mutual respect and trust of our
employees and customers.
Teamwork: We foster an environment that encourages innovation, creativity and results through
teamwork and mutual respect. We practice leadership that teaches, inspires and promotes full
participation and career development. We encourage open and effective communication and
interaction.
6 2008 Proxy Statement