The Board of Oracle Corporation has throughout its history developed corporate governance practices to fulfill its responsibility to Oracle Corporation stockholders. The composition and activities of the Company's Board of Directors, the approach to public disclosure and the availability of ethics and business conduct resources for employees exemplifies the Company's commitment to good corporate governance practices, including compliance with new standards.
GOVERNANCE GUIDELINES AND COMMITTEE CHARTERS
The Board has adopted the following corporate and committee guidelines to help ensure it has the necessary authority and procedures in place to oversee the work of management and to exercise independence in evaluating Oracle Corporation's business operations. These guidelines allow the Board to align the interests of directors and management with those of Oracle Corporation's stockholders. All guidelines are subject to future refinement or changes as the Board may find necessary or advisable for Oracle Corporation in order to achieve the above objectives.
Oracle continually applies good corporate governance principles to multiple areas of the Company. In addition to these guidelines, Oracle has had a Code of Ethics and Business Conduct since 1996.
In April 2017, Oracle released a revised Employee Code of Ethics and Business Conduct (the “Code”). The revisions to the Code include expanded guidance on conflicts of interest and compliance with laws and regulations regarding anticorruption, trade, securities and the environment. The revised Code also incorporates a new section on human rights and updated and new Q&As to provide guidance to employees on compliance with Oracle’s policies and procedures. In addition, Oracle released a stand-alone Global Conflict of Interest Policy applicable to all employees that expands upon the guidance included in the Code.
SECTION 16 REPORTING REQUIREMENTS
Under Section 16 of the Securities Exchange Act of 1934, Directors, Officers and 10% or greater stockholders are required to report changes in their stock ownership within two business days. To view those reports which have been filed with the SEC after November 30, 2007, please see "Reports of Section 16 Reporting Persons."