Be Preferred

We earn the right to be customer-preferred by delivering mutual enduring value at every touchpoint of the customer experience.

Competing Fairly

We believe in competing fairly. In our pursuit to deliver ingredient solutions that enable our customers to create consumer-preferred, winning products in their local marketplace, we never use illegal or unethical means to obtain a competitive advantage.

Obtaining Competitive Intelligence

Competitive intelligence can be obtained fairly and ethically from publicly available sources, such as media reports, trade journals, annual reports, governmental filings, speeches of company executives, and from customers in the context of meeting competitive offers.

Competitive intelligence should never be obtained through misrepresentation, trespassing, theft, invasion of privacy, or obtaining information from co-workers about previous employers.

When dealing with competitors, never enter into any agreement—whether formal or informal, written or verbal—to set prices or other terms of sale; coordinate bids; allocate customers, sales territories, or product lines; or engage in any other activity that violates applicable antitrust or competition laws. We never discuss such topics with a competitor, even in an informal setting such as a trade show or customer event. If you have any concerns, contact your local Legal department.

Living Our Values

We compete vigorously based on the quality of our products, aiming to meet or exceed our customers’ needs and delivering superior ingredient solutions that will help our customers succeed.

Compete fairly:

  • do not use illegal or unethical means to obtain competitive advantage;
  • do not agree to fix prices, rig bids, or unlawfully divide up products, territories, customers or markets, or limit production or sale of products;
  • do not make false, baseless, or misleading remarks about our company, its competitors or their products;
  • do not use information obtained by unfair or illegal methods;
  • do not engage a third party to obtain competitive information that would be unlawful if gathered directly by Ingredion.

Our Values in Action

Q:

I have a good friend who works for a competitor. At a trade show, my friend proposed a strategy for each of us to increase sales by dividing territories. Should I go along with the plan?

A:

No. Allocating customers or geographic territories between competitors could be a violation of the law. If a competitor ever initiates a discussion about allocating territories, stop the conversation immediately*. If you are at a trade show and this type of conversation starts, then end the conversation immediately. Report any attempt to discuss anti-competitive behavior immediately to the Legal department. *It is appropriate for you to stop the conversation and advise that “we cannot have this type of discussion, and if it is not stopped, I will leave now!”

Conflicts of Interest

We act in the best interest of Ingredion and do not allow our business decisions to be influenced, or appear to be influenced, by personal or family interests or friendships, or other connections we may have.

What is a conflict of interest?

A conflict of interest arises any time a personal or private interest interferes with, or gives the appearance of interfering with, work being performed fairly and ethically without bias or undue influence. Some instances are obvious, such as having a close relative as a manager or serving as a director on the board of a competitor.

Conflicts can arise in many situations, and our Code cannot possibly address all of them. When in doubt, contact your manager, Legal, Corporate Compliance, Local Compliance Committee, Human Resources, or the Business Ethics Line before taking any action.

Remember, having a conflict of interest is not necessarily a violation of our Code of Conduct, but failing to disclose it is.

Living Our Values

Conflicts of interest can negatively affect Ingredion’s reputation and business, and can have negative consequences for individuals as well. To help avoid the negative consequences of conflicts of interest:

  • never let our business decisions be influenced, or appear to be influenced, by personal or family interests or friendships;
  • avoid any situation that looks like it could affect your judgment;
  • never solicit or accept anything of value that may be perceived as a means to unduly influence business judgment;
  • award business solely on merit in order to obtain the best products and services at the best prices and terms;
  • always make decisions related to Ingredion based on the company’s objectives and priorities;
  • never pursue any business opportunity we discover through our work with Ingredion for personal gain or the gain of any entity other than Ingredion; and
  • promptly disclose potential conflicts of interest by contacting a manager, Legal, Corporate Compliance, Human Resources, or the Business Ethics Line.

Our Values in Action

Q:

Don works in corn procurement. He was recently transferred to a plant near his hometown and promoted to manager. His uncle’s own farmland nearby, and he has learned that they occasionally sell corn to Ingredion. Don is concerned that these transactions could create or appear to create a conflict of interest with his new role. Should Don disclose the potential conflict?

A:

Yes. Don has a valid concern and should bring the situation to the attention of his manager, the Legal Department or local Compliance Committee. After disclosure, the company can review the situation and determine whether it in fact poses a conflict of interest.

Political Activity and Contributions

We comply with all applicable laws regarding political activities and disclosure requirements.

Lobbying

Lobbying is an attempt to influence the actions, policies, or decisions of officials in their daily life. No employee, contractor, or agent may engage in any lobbying activities on behalf of Ingredion without prior written approval and coordination with the Government Affairs professional or legal counsel responsible for the country or region. Any approved lobbying activities must be in full compliance with applicable laws. If you are not sure whether your communications or interactions with a government official are considered lobbying, contact the Government Affairs professional or legal counsel responsible for the country or region.

Political Participation and Contribution

Ingredion does not give political contributions to candidates, political party organizations, political committees, or political organizations in return for express or implied official acts.

Living Our Values

Many countries in which Ingredion does business strictly regulate lobbying activities. Remember:

  • never engage in lobbying on behalf of Ingredion without prior written approval and coordination with the Government Affairs professional or legal counsel responsible for the country or region;
  • lobbying activities must be in full compliance with applicable federal, state, and local laws.
If you are not sure whether your communications or interactions with a government official are considered a lobbying activity, contact the Government Affairs professional or legal counsel responsible for the country or region.

Interaction with Government Officials Policy

Personal Political Activities and Contributions

Ingredion respects the right of employees and others working with the company to participate in political activities on their own time, outside of work. Where personal political contributions are permitted by law, understand the following additional conditions related to your relationship with the company:

  • do not make contributions from company funds;
  • do not submit expenses for personal political activities to the company for reimbursement;
  • do not use company resources or disclose Ingredion’s confidential information when participating in the political activity; and
  • do not, in any way, state or suggest that you are representing Ingredion in the individual political activity (e.g., on social media). The above rules also apply to any individual contractors and others who work for Ingredion.

Our Values in Action

Q:

I have been asked to work on a local political campaign. May I do so?

A:

Yes. Our company encourages participation in the political process. However, it is important that your political activities remain separate from the workplace, done on your own time and at your own expense. Therefore, you cannot use company resources, including work hours, company vehicles, use of the company’s computer network or telephones, or use of the company’s name or other assets, when working on personal political activities.

International Trade Compliance

We comply with all trade regulations, agreements, and restrictions that apply to our business during exchange of goods between countries, including import customs declarations and export control laws.

Living Our Values

If you are responsible for the movement of Ingredion products, or an offeror of non-commercial goods across borders, you must comply with applicable U.S. and any local laws outside the U.S. governing trade, regardless of where you are actually based or located. Remember:

  • Ingredion does not conduct unauthorized business with countries or third parties that are subject to trade embargoes or economic sanctions (e.g., Iran., Syria, North Korea);
  • as a U.S.-based company, Ingredion is prohibited from participating in boycotts (e.g., refusals to sell to customers located in a particular country) that the United States government does not support;
  • import of Ingredion goods shall undergo proper assessment of duties from tariffs using accurate valuations based on purchased cost (price paid) or transaction value (consistent with Ingredion Transfer Pricing policy) for related party transactions;
  • follow your local trade compliance policies and procedures relevant to the country and location where you work;
  • contact your local trade compliance representative or your local Legal Department if any customers, suppliers, or forwarding agents ask Ingredion to participate in a boycott or do business with embargoed or restricted parties. Remember that sanctions can and do change. Always seek advice for the most up-to-date positions before you take any actions.

Our Values in Action

Q:

To avoid paying customs duties in its home country, an international customer has asked that an employee in the U.S. sign an origin declaration or certificate of origin identifying that the company’s products originate in Mexico. I know the product was packaged in Mexico but am not aware of the manufacturing process and where the product was originally made. May I sign the document?

A:

No, not without prior approval of the Corporate or United States/Canada Trade Compliance team or your local trade compliance contact. Origin declarations and certificates of origin are governed by local and international laws and they require a detailed analysis of the manufacturing process under an established set of rules. An incorrect statement may result in false declarations to customs authorities and subject the company to significant fines and penalties, even when Ingredion is not the importer or exporter.

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