Codes of Conduct

The Codes of Conduct adopted by the company include the "Standards of Business Conduct," which applies to all corporate employees of Time Warner Inc., a supplemental "Code of Ethics for Senior Executive and Senior Financial Officers," a set of "Guidelines for Non-Employee Directors," and the "Policy and Procedures Governing Related Person Transactions."

Standards of Business Conduct

In February 2012, the company's Board of Directors revised its Standards of Business Conduct, which applies to all corporate employees of Time Warner Inc. This code serves as a model for similar codes of conduct that have been adopted at each of the company's businesses.

Standards of Business Conduct

Code of Ethics for Senior Executive and Senior Financial Officers

In addition to the Standards of Business Conduct, in January 2004, the Board adopted a supplemental "Code of Ethics for Senior Executive and Senior Financial Officers," which applies to senior executives and financial officers at Time Warner Inc. and each of its businesses.

Code of Ethics for Senior Executive and Senior Financial Officers

Guidelines for Non-Employee Directors

In June 2014, the Board of Directors adopted a revised set of Guidelines for Non-Employee Directors, which serves as the code of conduct for the company's outside Directors. The Board originally adopted the Guidelines in May 2002.

Guidelines for Non-Employee Directors

Policy and Procedures Governing Related Person Transactions

In February 2014, the Board of Directors adopted a revised Policy and Procedures Governing Related Person Transactions, setting forth the process to be used by the Company in reviewing certain transactions with its Directors, Executives and designated other entities in order to help avoid potential conflicts of interest and improper benefits to related parties. The Board originally adopted the Policy and Procedures in February 2007.

Policy and Procedures Governing Related Person Transactions