ADT 2008 Annual Report Download - page 195

MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL STATEMENTS
Discussion of Management’s Responsibility
We are responsible for the preparation, integrity and fair presentation of the consolidated financial
statements and related information appearing in this report. We take these responsibilities very
seriously and are committed to being recognized as a leader in governance, controls, clarity and
transparency of financial statements. We are committed to making honesty, integrity and transparency
the hallmarks of how we run Tyco. We believe that to succeed in today’s environment requires more
than just compliance with laws and regulations—it requires a culture based upon the highest levels of
integrity and ethical values. Expected behavior starts with our Board of Directors and our senior team
leading by example and includes every one of Tyco’s 113,000 global employees, as well as our
customers, suppliers and business partners. One of our most crucial objectives is continuing to maintain
and build on the public, employee and shareholder confidence that has been restored in Tyco. We
believe this is being accomplished; first, by issuing financial information and related disclosures that are
accurate, complete and transparent so investors are well informed; second, by supporting a leadership
culture based on an ethic of uncompromising integrity and accountability; and third, by recruiting,
training and retaining high-performance individuals who have the highest ethical standards. We take
full responsibility for meeting this objective. We maintain appropriate accounting standards, and
disclosure controls and devote our full commitment and the necessary resources to these items.
Dedication to Governance, Controls and Financial Reporting
Throughout 2008, we continued to maintain and enhance internal controls over financial reporting,
disclosures and corporate governance practices. We believe that a strong control environment is a
dynamic process. Therefore, we intend to continue to devote the necessary resources to maintain and
improve our internal controls and corporate governance.
Our Audit Committee meets regularly and separately with management, Deloitte & Touche LLP,
our independent auditors, and our internal auditors to discuss financial reports, controls and auditing.
We, our Board and our Audit Committee are all committed to excellence in governance, financial
reporting and controls.
/s/ EDWARD D. BREEN /s/ CHRISTOPHER J. COUGHLIN
Edward D. Breen Christopher J. Coughlin
Chairman and Chief Executive Officer Executive Vice President and
Chief Financial Officer
92 2008 Financials