Kimberly-Clark 2010 Annual Report Download - page 89

Download and view the complete annual report

Please find page 89 of the 2010 Kimberly-Clark annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 104

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

PART II
(Continued)
Our code of conduct, among other things, contains policies for conducting business affairs in a lawful and
ethical manner everywhere we do business, for avoiding potential conflicts of interest and for preserving
confidentiality of information and business ideas. Internal controls have been implemented to provide reasonable
assurance that the code of conduct is followed.
Management’s Report on Internal Control Over Financial Reporting
Management is responsible for establishing and maintaining an adequate system of internal control over
financial reporting, including safeguarding of assets against unauthorized acquisition, use or disposition. This
system is designed to provide reasonable assurance to management and our Board of Directors regarding
preparation of reliable published financial statements and safeguarding of our assets. This system is supported
with written policies and procedures, contains self-monitoring mechanisms and is audited by the internal audit
function. Appropriate actions are taken by management to correct deficiencies as they are identified. All internal
control systems have inherent limitations, including the possibility of circumvention and overriding of controls,
and, therefore, can provide only reasonable assurance as to the reliability of financial statement preparation and
such asset safeguarding.
We have assessed the effectiveness of our internal control over financial reporting as of December 31, 2010.
In making this assessment, we used the criteria described in “Internal Control—Integrated Framework” issued
by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on this assessment,
management believes that, as of December 31, 2010, our internal control over financial reporting is effective.
Deloitte & Touche LLP has issued its attestation report on the effectiveness of our internal control over
financial reporting. That attestation report appears below.
/s/ Thomas J. Falk /s/ Mark A. Buthman
Thomas J. Falk Mark A. Buthman
Chairman of the Board and Senior Vice President and
Chief Executive Officer Chief Financial Officer
February 23, 2011
Changes in Internal Control Over Financial Reporting
There have been no changes in our internal control over financial reporting identified in connection with the
evaluation described above in “Management’s Report on Internal Control Over Financial Reporting” that
occurred during our fourth fiscal quarter that have materially affected, or are reasonably likely to materially
affect, our internal control over financial reporting.
85