From：Corporate Relations -London
To：Corporate Employees
Sent：Friday，08April 20-12：22：07P.M.
Subject：Revised Code of Ethics and Business Conduct
Dear Colleagues，
The Bainbridge Elkers Code of Ethics and Business Conduct is a tangible manifestation of our values and commitment to corporate responsibility.It provides a guide for the way we go about achieving our business goals and helps us behave in an open，honest，ethical，and principled manner.
Since the first version of the Code was introduced in July 2004，we have received feedback concerning some of the policies and procedures it contains.With the benefit of your input，during this year’s first quarter we revised the Code.It is available to read at the following link：http：//bainbridgeelkers.com /Resource /codeethics.htm.
Most notably，we revised the Code to include：
A simplified conflict of interest policy related to your interests in other businesses
A prohibition against using Bainbridge Elkers computer systems to send，receive or store information that increases the risk of computer virus dissemination （p.8）
Additional options for reporting violations of the Code
Implementation of the confidential line for U.S.employees
Electronic access to a form.for filing anonymous reports
We will be introducing an online training course for U.S.employees this autumn，which will be rolled out more widely across the group next year.
As always，you should raise any questions concerning the Code with your manager，a human resources representative，a member of the appropriate Legal Department or a Compliance Committee member.
Compliance with the Code is essential to maintaining our performance and reputation，and I am counting on you to remain familiar with the policies and procedures in this document，as well as additional policies enforced for your business unit and location.We can take pride in acting in a legal and ethical manner at all times.
Thank you for your cooperation.
Yours sincerely，
William Rhodes

What is learned about the code?（）