HP political contributions policies

Hewlett-Packard always has been active in the formation of public policies that affect the company, its employees, and its operations. As HP looks to the future, it will continue to work with key public officials to promote HP as a thought, technology and issue leader, to promote HP as an exemplary global citizen, and to promote the HP brand.

Throughout its history, Hewlett-Packard has encouraged employees to be active in their communities. Because the development of public policy and related political activity can be complicated - particularly during active campaign periods - the company limits political activities on company time and premises.

Within the U.S., the company makes a limited number of political contributions as part of its Global Citizenship Objective and in furtherance of its public policy agenda. All HP political endorsements and contributions must be authorized by the Vice President of HP Government Relations as part of political programs reviewed by HP's Board of Directors. The HP Government Relations department manages all political programs and contributions and works with HP employees in the regions regarding HP involvement in any political or public policy activities. HP does not provide political contributions that could create even the appearance of undue influence.

HP PAC

HP may not use its corporate funds or assets for U.S. federal political contributions. The HP Political Action Committee (HP PAC) makes contributions to U.S. congressional candidates (and in limited cases, contributions to state candidates where corporate contributions are not allowed) who share HP's public policy views. The HP PAC is a separate legal entity from the company. Voluntary personal contributions to fund the HP PAC are solicited from selected employees in compliance with federal election laws.

Company funds may be used, where legally permissible, to participate in the election of state officials who share HP's public policy views, as well as passage or defeat of state and local ballot measures having an impact on the company and the quality of life in HP communities. In rare instances, HP will consider contributions to local candidates.

HP makes contributions to federal and state organizations for the purpose of public policy development. A committee of HP managers annually reviews eligible recipients of funds for both the HP PAC contributions and corporate contributions and develops an HP PAC contributions plan and a corporate contributions plan. The HP PAC plan undergoes an initial legal review and is presented to the HP PAC Board of Directors, which reviews, revises and approves the plan. Both the final HP PAC plan and the corporate contributions plan are then presented to HP's Vice President of Government Relations, HP's Chief Communications Officer, and the Nominating and Governance Committee of the HP Board.

Upon approval of the plans, the HP Political Contributions Committee, comprised of HP Government Relations managers, implements the plans by reviewing all specific political contributions requests and events requiring corporate and HP PAC funding. After final legal review of each such contribution, funds are disbursed.

On a limited basis and with the approval of the Vice President of HP Government Relations, the company may also make contributions to policy-based partisan organizations, state partisan organizations, trade association political committees and coalitions to further its public policy and business interests.

In-kind contributions of equipment or employee time are considered to be political contributions, and must be approved by the Vice President of HP Government Relations.

No HP funds or assets may be used for political contributions outside the United States, even where permitted by local law, without the prior written approval of HP's Chief Executive Officer.