Symantec 2006 Annual Report Download - page 65

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(c) Changes in Internal Control over Financial Reporting.
At the end of February 2006, we hired a new Vice President of Tax and Treasury to help manage the
increased complexity of our income tax matters. During the quarter ended March 31, 2006, there were no
other changes in our internal control over financial reporting that have materially affected, or are reasonably
likely to materially affect, our internal control over financial reporting.
Since April 1, 2006, we have implemented additional controls in our internal control over financial
reporting that serve to remediate the material weakness described above, including the addition of resources
dedicated to financial reporting for income taxes and the implementation of processes to identify and calendar
all incremental tax compliance and financial accounting for income tax requirements arising from acquisitions.
In addition, we intend to automate key elements of our processes to enhance the analysis and calculation of
the income tax provision and the reconciliation of the tax accounts.
(d) Limitations on Effectiveness of Controls
Our management, including our Chief Executive Officer and Chief Financial Officer, does not expect
that our disclosure controls and procedures or our internal controls will prevent all errors and all fraud. A
control system, no matter how well conceived and operated, can provide only reasonable, not absolute,
assurance that the objectives of the control system are met. Further, the design of a control system must
reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to
their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide
absolute assurance that all control issues and instances of fraud, if any, within Symantec have been detected.
Item 9B. Other Information
None.
PART III
Item 10. Directors and Executive Officers of the Registrant
Information with respect to this Item may be found in the definitive Proxy Statement that we will deliver
to stockholders in connection with our Annual Meeting of Stockholders for 2006, referred to as our 2006 Proxy
Statement, including in the sections captioned ""Directors and Management Ì Directors and Executive
Officers,'' and ""Section 16(a) Beneficial Ownership Reporting Compliance.'' Such information is incorpo-
rated herein by reference.
We have adopted a code of business conduct that applies to all Symantec employees. We have also
adopted a code of ethics for our Chief Executive Officer and senior financial officers, including our principal
financial officer and principal accounting officer. Our Code of Conduct and Code of Ethics for Chief Executive
Officer and Senior Financial Officers are posted on our Web site at http://www.symantec.com, and may be
found as follows:
1. From our main Web page, first click on ""About Symantec''
2. Then click on ""Investor Relations''
3. Next, under ""Corporate Governance,'' click on ""Company Charters''
We will post any amendments to or waivers from our Code of Conduct and Code of Ethics for Chief
Executive Officer and Senior Financial Officers at that location.
Item 11. Executive Compensation
Information with respect to this Item may be found in our 2006 Proxy Statement, including in the
sections captioned ""Summary of Cash and Certain Other Compensation,'' ""Stock Options,'' ""Option
Exercises and Holdings,'' ""Proposal No. 1 Ì Election of Symantec Directors Ì Director Compensation,''
59