Sony has a strong and well-established commitment to ethical business conduct and compliance with applicable laws and regulations. Senior management sets the core values for the company, the expectations for ethical business conduct, and leads by example. The Sony Group Code of Conduct anchors our ethics and compliance program. Our Code sets out our standards for ethical conduct, our core values and our basic policies on important topics such as compliance with laws and regulations, fair competition in business dealings, anti-corruption, protection of confidential information and intellectual property, respect for human rights, safety of products and services, environmental conservation, and information disclosure. Sony has many resources and reporting channels available to its personnel to ask ethics questions or raise concerns without fear of retaliation, including the Sony Ethics & Compliance Hotline. The Hotline operates independently of ordinary internal reporting structures. Reports to the Hotline are administered by an independent third party with specially trained operators.