Our Business Policies and Programs

Bribery and Corruption

Our business decisions are made on merit. Our Code of Conduct prohibits employees from giving or offering anything of value to government officials to influence a discretionary decision and does not allow employees to give gifts or entertainment unless permitted by applicable law and division policies. Our Code also requires that we observe the most stringent standards in keeping of financial records and accounts. The PepsiCo Law Department provides periodic training to associates with respect to anti-bribery laws and other compliance related matters.

Political Contributions

PepsiCo believes that both as a Company and as individuals it is important to be engaged in the public policy and political arena.  PepsiCo has always disclosed information on how we are spending resources for political purposes as required by law and regulation. In 2005, PepsiCo developed a Political Contributions Policy that provides shareholders with details on the policies, procedures and criteria used in connection with all political contributions. In addition, we are now providing details of PepsiCo political contributions on our website. Shareholders were involved in discussions leading to the development of this policy.

For more information including a list of donations, visit
http://www.pepsico.com/PEP_Investors/CorporateGovernance/Policies/PoliticalContributionsPolicy/index.cfm

Commitment to Competition

Our commitment to fair competition and the importance of compliance with laws prohibiting restraint of trade, predatory economic activities and other anti-competitive business practices are communicated to associates through the PepsiCo Worldwide Code of Conduct and the specific competition policies maintained by our divisions. In addition, our competition policies are communicated and compliance training accomplished at the division level using a variety of means, including regular presentations to sales personnel in the field and at headquarters, incorporation in sales training materials, and through frequent attorney consultation on specific issues.