Corporate Governance — Summary of Business Policies
It is the policy of Pepco Holdings, Inc., and its affiliates (collectively, "PHI" or the "Company") to have business policies that reflect the Company's commitment to high standards of ethical behavior and sound business principles. These Corporate Business Policies apply to PHI’s directors, employees and all others working at PHI or its subsidiaries.
Every employee and all others working at the Company, regardless of employment status, are expected, and have a continuing responsibility, to comply with these Business Policies in every decision made and in every action taken in the conduct of the Company's business.
Failure to comply with this and other business policies may result in discipline, up to and including discharge.