The Essence of Integrity
Exelon relies on its employees and contractors to protect the core values of integrity and respect from anyone who would disregard them. We recognize that our business operations involve services that are central to citizens in their everyday lives, and necessary for businesses to function productively in the nation’s economy. As a result, Exelon embraces review by government officials at the local, county, state and federal levels because we expect to operate our businesses in full compliance with the law.
Effective Corporate Governance plays an integral role in our ability to achieve our financial and sustainability goals, while maintaining the highest ethical standards.
We understand that individuals and institutions have invested billions of dollars in our company with the expectation that Exelon will honestly and productively use this capital to operate profitably and increase shareholder value.
To earn and maintain the trust of customers, shareholders, fellow employees, government officials and the diverse communities that Exelon serves, we recognize that our directors, employees and contractors are obliged to uphold the highest ethical standards in what they say and what they do. That is the essence of integrity at Exelon.
Fostering Ethical Behavior
To avoid corporate wrongdoing, companies must do more than just hire ethical people, they must develop institutional integrity. Exelon strives to provide a culture that values safety, integrity, diversity, respect, accountability and continuous improvement. Exelon provides a framework of core values and a company-wide code of business conduct that defines objectives, expectations and responsibilities, and provides guidance and support for our employees.
Everyone is responsible for developing an honest culture. No ethics or values program will be successful unless all levels of employees commit to its long-term success. At Exelon, everyone is expected to participate in creating and improving our ethical culture.
Reporting an Ethics Concerns
The Audit Committee of the Exelon Board of Directors has adopted and oversees a process for the receipt, retention, investigation and resolution of concerns of improper business conduct, including potential violation of law or the Code of Business Conduct. The process, administered by the Ethics and Compliance Office, provides employees, shareholders, customers, contractors, suppliers and others with multiple avenues for reporting concerns, including options that allow anonymity.
Contact information is listed at the right for the various reporting methods.
Employees who wish to report a concern may use the Employee Ethics Website or contact any of the following:
- Their supervisor
- Human Resources
- Internal Audit
- Nuclear Employee Concerns Program
Processing Reports of Ethics Concerns
The Ethics Office promptly informs the Chairman of the Audit Committee of serious issues, forwards concerns to the appropriate organization and prepares quarterly reports to the Audit Committee on the status of all reported concerns. It is also responsible for determining if there has been a waiver of a provision of the Code for any senior officer of the Company and for reporting such waiver to the Chairman of the Audit Committee so that the waiver can be addressed by the Board and disclosed.