The unauthorized release of confidential and proprietary information and/or trade secrets, can cause us to lose our competitive advantage, embarrass Danaher and damage our relationships with our customers and business partners. For these reasons, such information must be treated carefully. The following are some examples of this type of information:
- Sales results, in whole or by product,
- Customer lists,
- Product price and cost information,
- Personal data of our associates, customers, and suppliers,
- Technical details of our systems, products and our product manufacturing processes,
- Our business strategies, and
- Product launch plans.
Associates should ensure that they:
- Use and disclose confidential information only for legitimate business purposes.
- Properly label confidential information to indicate how it should be handled, distributed and destroyed.
- Do not share passwords or allow other people, including friends and family, to use our information technology resources.
- Do not disclose information to third parties, including business partners, without appropriate authorization and appropriate confidentiality agreements. If in doubt, check with your manager or the Legal Department.
- Do not discuss confidential information in public places where others may overhear or leave confidential information, computers, mobile phones or other electronic devices holding confidential information anywhere that they could be stolen or accessed by others.
These obligations continue even after your employment with Danaher ends. When you leave Danaher, you must not disclose or use any Danaher confidential information, and you must return all copies of materials or devices that contain Danaher confidential information.
Intellectual property refers to the inventions, ideas, brands, and original work that could provide a competitive advantage in the marketplace. These things are what we mean when we talk about leading edge innovation, and we must protect them from our competitors. Any unauthorized disclosure or misuse, either during or after your employment with Danaher, could be harmful to the Company or to our customers. All associates who create intellectual property must follow their Danaher Company’s policies and processes for identifying and protecting that intellectual property.
Third parties entrust us with their confidential and proprietary information, and it is equally important that we handle it with care. Third-party confidential information should only be used in accordance with the specific terms of a valid license or other legal right to such use.
If you have questions or concerns about the appropriate use of proprietary information or intellectual property, please discuss them with the Legal Department.
I frequently work with Company confidential information on project assignments. I have a tight project deadline coming up and need to work on the project over the weekend. Am I allowed to use my personal laptop at home to work on Company confidential information?
You may only store Company confidential information on a Company issued laptop, mobile device, or portable storage device / flash drive which has the appropriate safeguards installed to protect Company confidential information. Downloading, editing, or even accessing Company confidential information on a non-Company issued device puts you and the Company at-risk to information theft or loss. It also violates the Danaher Information Security policy.
Protecting Inside Information
In the course of business, you may become aware of material, nonpublic information about Danaher or other publicly traded companies. Using this information for personal gain or sharing it with others is not only unfair to other investors, it is illegal.
- Never buy or sell any stocks, bonds, options or other securities of any public company, including Danaher, based on , information.
Do not pass on material, nonpublic information to others (this is known as “tipping”).
Material, non-public information may include:
News of mergers, acquisitions or divestitures.
- A planned offering or sale of the company’s securities.
- Major regulatory actions or major litigation concerning the company.
- Significant changes in management.
- A major contract award or cancellation of an existing, major contract.
- Introduction of a material new product, technology or service, or material developments with respect to existing products, technologies or services.
In addition, certain associates are subject to “blackout periods” during which time they are not permitted to engage in trades involving Danaher securities, and may also be subject to preclearance requirements prior to trading in Danaher securities at any time.
If you have any questions about whether information is material and nonpublic, contact the Legal Department.
My manager asked me to prepare some financial material related to an acquisition that Danaher is considering. The information is confidential and is not yet public. Based on the information I reviewed, I think the stock of the acquisition target will go up fast once the news is made public. I know that I cannot buy stock in the company we are planning to acquire, but can I pass the news to my brother since he is not an "insider"?
No. You cannot share the news with others because it is confidential. The information may also be material, non-public information, and sharing it with others could be considered “tipping,” which is against the law and our policies.