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Standards of Business Conduct the Promise of the Golden Arches the Basis for Our Entire Business Is That We Are Ethical, Truthful and Dependable

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Standards of Business Conduct the Promise of the Golden Arches the Basis for Our Entire Business Is That We Are Ethical, Truthful and Dependable Standards of Business Conduct The Promise of the Golden Arches The basis for our entire business is that we are ethical, truthful and dependable. It takes time to build a reputation. We are not promoters. We are business people with a solid, permanent, constructive ethical program that will be in style… years from now even more than it is today. – Ray Kroc, 1958 2 3 McDonald’s Values We place the customer Our customers are the reason for our existence. We demonstrate our experience at the core appreciation by providing them with high quality food and superior of all we do service, in a clean, welcoming environment, at a great value. Our goal is QSC&V for each and every customer, each and every time. We are committed We provide opportunity, nurture talent, develop leaders and to our people reward achievement. We believe that a team of well-trained Dear McDonald’s Colleague, individuals with diverse backgrounds and experiences, working together in an environment that fosters respect and drives high We’re a restaurant company – and so much more. For 60 years, a core set of values levels of engagement, is essential to our continued success. has guided everything we do at the Golden Arches. I’m proud of our commitment to ethics and our best-in-class reputation. We believe in the McDonald’s business model, depicted by the “three-legged stool” of McDonald’s System owner/operators, suppliers and company employees, is our foundation, As we evolve towards a modern, progressive burger company delivering a and the balance of interests among the three groups is key. contemporary customer experience, we must continue to hold ourselves to the highest standards. We operate our Sound ethics is good business. At McDonald’s we hold ourselves and conduct our business to high Today’s environment is complicated. Complex laws and regulations, and even new business ethically standards of fairness, honesty, and integrity. technologies, can make discerning right from wrong more difficult than ever. That’s why our Standards of Business Conduct articulate our moral responsibilities and We are individually accountable and collectively responsible. shine a light on the appropriate conduct in challenging scenarios. We give back to our We take seriously the responsibilities that come with In addition to following the Standards, open dialogue is critical. Ask questions and communities being a leader. We help our customers build better raise issues, even when that’s not easy. Our business and brand will be stronger when communities, support RMHC, and leverage our size, scope you do. and resources to help make the world a better place. Thank you for your commitment to McDonald’s – and for the actions you take that We grow our business McDonald’s is a publicly-traded company. As such, we work to provide translate into simple, easy enjoyment for our customers. profitably sustained profitable growth for our shareholders. This requires a continuing focus on our customers and the health of our system. We strive continually We are a learning organisation that aims to anticipate to improve and respond to changing customer, employee and system needs through constant evolution and innovation. Steve Easterbrook We aspire to be our customers’ President and CEO favourite place and way to eat. To achieve this mission, our actions as individuals and as a system must reflect our Values. 4 STANDARDS OF BUSINESS CONDUCT 5 Table of Contents The Standards of Business Conduct 9 Gifts, Favours and Business Entertainment 30 9 Applicability of Standards 9 27 Outside Investments 31 INTRODUCTION Publication, Amendments and Waivers 9 ETHICS CONTINUED Electronic Communications Usage 31 Management Commitment 10 Business Records and Communications 32 Additional Responsibilities of Supervisory Employees 10 The Letter and Spirit of the Law 32 Personal Accountability 10 Financial Crime, Money Laundering and Anti-Terrorism Laws and Regulations 33 Open Communication /Business Integrity Line 11 Export / Import Controls 33 Product Quality and Safety 13 13 Anti-Corruption 34 Walking the Talk 13 OUR CUSTOMERS Community and Giving Back 37 Confidential Information 14 37 Political Activities 37 Marketing 15 OUR COMMUNITIES Corporate Social Responsibility & Sustainability 38 Data Privacy and Protection 16 Environmental Responsibility 39 Employment Experience 19 19 Nutrition and Well-Being 39 Protection Against Retaliation 19 OUR PEOPLE Sustainable Supply Chain 39 Seek Assistance From McDonald’s 19 Fair Competition and Antitrust 41 Employment Practices 20 41 Trade Practices 42 Human Rights 20 PROFITABLE GROWTH Inside Information and Securities Trading 42 Respect and Dignity 20 Communicating with the Public 43 Dating 20 Subpoenas and Government Inquiries 43 Inclusion and Diversity 21 Corporate Governance and Internal Controls 45 Safe Workplace 21 45 Internal Investigations 45 Alcohol and Drugs 21 CONTINUOUS IMPROVEMENT Reporting Concerns 46 Acting In McDonald’s Best Interests 23 23 People / Your Extended Team 49 McDONALD’S SYSTEM Owner / Operator Relationships 23 49 Policies / Your Extended Information Network 49 Supplier Relationships 24 ADDITIONAL Reporting Suspected Violations of the Standards 50 Protecting Company Assets 27 RESOURCES Keeping the Shine on Our Arches 50 27 Fraud 27 ETHICS Frequently Asked Questions 51 Conflicts of Interest 28 Index 53 Disclosing Conflicts of Interest 28 International Access 56 Related Persons 28 Conflict of Interest Guidelines 28 The relationship between McDonald’s and each of right to determine how the Standards apply to Nothing in the Standards is intended to prohibit Doing Business with Relatives and Friends 29 its employees is governed by national law in the any particular situation, and to amend or modify employees from discussing wages, terms or other jurisdiction in which the employee is employed. the Standards as it deems appropriate without conditions of employment, or to affect employees’ Nepotism 29 Subject to applicable national law, nothing in prior notice, consultation or agreement. The rights to report matters to governmental the Standards of Business Conduct changes the applicability to an employee of such amendments authorities in accordance with applicable law. Outside Employment and Other Business Arrangements 29 nature of that relationship, nor does it create an or modifications will depend on the circumstances employment relationship between McDonald’s regarding such amendment or modification and Corporation and the employee. Subject to applicable national law. applicable national law, McDonald’s reserves the 6 7 Introduction Our success depends on each of us accepting personal responsibility for doing the right thing. The Standards of Publication, Amendments Business Conduct and Waivers These Standards of Business Conduct are a guide The current version of the Standards of to the ethical and legal responsibilities that we Business Conduct will be posted and share as members of the McDonald’s family. maintained on the McDonald’s website at This is not a complete rulebook that addresses www.mcdonalds.com. Amendments will also every ethical issue that might arise, and is not be posted on the website, as required by a summary of all laws and policies that apply applicable law. Waivers of the Standards for to McDonald’s business. It is not a contract, executive officers must be approved by the and it does not replace good judgment. Rather, Audit Committee of the Board of Directors and the Standards give us guidance and direct us to disclosed promptly as required by law. Because resources to help us make the right decisions. the Standards are revised periodically, please check the website for the most recent version. Applicability of Standards These Standards of Business Conduct apply to employees of McDonald’s Corporation and its majority-owned subsidiaries worldwide (referred to in these Standards as “McDonald’s” or “the Company”). Non-employee members of McDonald’s Board of Directors must abide by the Code of Conduct for the Board of Directors of McDonald’s Corporation, which is posted and maintained at the McDonald’s website at www. mcdonalds.com. The Standards do not apply to our owner / operators, suppliers, non- controlled affiliates, or any of their directors or employees. However, as members of the McDonald’s system, we encourage them to develop their own policies, procedures, training programs and certifications that are consistent with the spirit of the Standards, and to fully support our employees in complying with the Standards. This shared commitment will help ensure that we maintain our reputation as a company that conducts business with integrity. 8 INTRODUCTION 9 Management Commitment Additional Responsibilities McDonald’s management is committed to living of Supervisory Employees up to high standards of ethical behaviour. Those employees who have supervisory authority The McDonald’s Board of Directors oversees over others are in positions of trust and influence. the Company’s commitment to ethics and Therefore, they have special responsibilities under compliance with legal standards. To help our the Standards of Business Conduct to maintain an employees live up to our Standards of Business ethical work environment and to lead by example. Conduct, McDonald’s has established the Global They must ensure that the employees who report Compliance Office. This office is responsible to them understand and follow the Standards for overseeing the Company’s compliance with and complete all required compliance and ethics the Standards and other McDonald’s policies. training. In addition, they must communicate relevant McDonald’s policies to employees and assist them in understanding such policies. Supervisors must maintain open and honest two-way communication with employees. This means encouraging employees to ask questions, make suggestions and report wrongdoing. Finally, supervisors must follow up on allegations of wrongdoing that are brought to their attention and take appropriate corrective or disciplinary action. Open Communication / McDonald’s Business Business Integrity Line Personal Accountability Integrity Line At McDonald’s, we speak honestly and To the rest of the world, each of our actions openly and listen for understanding.
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