Corporate Responsibility Policy

It is the policy of Fairchild Semiconductor to operate our businesses and manufacturing operations in accordance with, and in ways that promote, internationally recognized standards of corporate responsibility.

In addition to complying with all legal requirements, which we view as our minimum responsibility, we are committed to ensuring that

We are also committed to being leading and respected members of our communities, and to advocating for public policies that are in our business interests and that help us grow responsibly. The standards below reflect these commitments and comprise our Corporate Responsibility Policy.

We intend to continuously improve our compliance with both the letter and the highest spirit of these standards, as well as our systems for managing them. This policy will be amended from time to time to capture those improvements.

This policy applies for all Fairchild Semiconductor employees and to all company locations worldwide. We expect the same commitments from all of our suppliers, subcontractors and other business partners.

Please note that the following policies do not necessarily reflect all corporate policies in the respective subject areas. Please direct any questions or other feedback about these standards to your Fairchild Semiconductor sales or procurement representative, our Investor Relations department, or via email to corporate.responsibility@fairchildsemi.com.

Corporate Governance

• Board of Directors Oversight. Our Board of Directors has ultimate oversight authority over the direction and management of our company and its businesses, including our Corporate Responsibility programs.
• Corporate Governance Guidelines. Our board has adopted and publishes written Corporate Governance Guidelines that establish the board's duties and responsibilities.
• Transparency of Key Governing Instruments and Policies. We publish the following principal governing documents and other aspects of our corporate governance structure on our Corporate Governance webpage--
• our Corporate Charter (Certificate of Incorporation);
• our Corporate Bylaws;
• our Corporate Governance Guidelines;
• the charters of our board’s three standing committees, which define the duties and responsibilities of each committee--
• Nominating and Governance Committee
• Audit Committee
• Compensation Committee;
• this Corporate Responsibility Policy and
• our Code of Business Conduct and Ethics.
• Communication Channel. Anyone can contact our Board of Directors by mail, telephone, fax or email to report any matters of concern, to propose director nominations (for stockholders only) or to request free printed copies of the governance materials listed above.

Human Rights, Labor and Employment

• Safe and Healthy Workplace. We provide all employees with a safe and healthy workplace. See more specific Health & Safety standards below and our Environment, Health and Safety webpage
• Respect, Dignity and Humane Treatment. We treat all employees with respect and dignity. We do not use threats of violence or other forms of physical coercion, corporal punishment, sexual abuse or harassment, mental or physical coercion, verbal abuse or any other forms of harassment or harsh or inhumane treatment, nor do we allow the threat of any such treatment.
• No Discrimination. We do not discriminate in hiring, promotion, compensation of employees and employment practices on grounds of race, color, religion, age, nationality, social or ethnic origin, gender, sexual orientation, marital status, pregnancy, political affiliation, union membership, disability or veteran status. We maintain a work environment free of discrimination or harassment based on any of the foregoing. In addition, employees are not subject to medical tests that could be used in a discriminatory way.
• No Forced or Involuntary Labor. All employment is voluntary. We do not use forced or involuntary labor of any type (e.g., forced, bonded, indentured or involuntary prison labor). Employees are not required to hand over passports or identification cards as a condition of employment. Employees do not bear any portion of fees paid to employment agencies.
• No Child Labor. We do not employ persons under the age of 18, except that we may employ persons aged 16 or 17 in workplace apprenticeship programs which comply with all laws and regulations.
• Working Hours. We do not exceed maximum hours of work prescribed by applicable law and will appropriately compensate overtime. Non-exempt employees are not required to work more than 60 hours per week, including overtime, except in emergency or unusual business circumstances. Employees are allowed at least one day off per seven-day week.
• Wages and Benefits. At a minimum, we comply with all applicable wage and hour laws and regulations, including those relating to minimum wages, overtime hours, nonexempt or exemption classification and other elements of compensation, and provide all legally mandated benefits.
• Freedom of Association. We respect the rights of employees to join or to refrain from joining worker organizations, including labor organizations or trade unions.
• Protection of Privacy. We protect the privacy and confidentiality of information about our employees, subject to and in compliance with applicable law.

Employee Health and Safety

• Occupational Safety. Employee exposure to potential safety hazards is controlled. Employees are provided with appropriate, well-maintained, personal protective equipment. Employees are not disciplined for raising safety concerns.
• Emergency Preparedness and Security. Emergency situations and events are identified and assessed, and their impact minimized by implementing emergency plans and response procedures. We incorporate U.S. Customs C-TPAT (Customs-Trade Partnership Against Terrorism) security criteria into our business processes.
• Occupational Injury and Illness. Procedures and systems are in place to prevent, manage, track and report occupational injury and illness, including provisions to encourage employee reporting; classify and record injury and illness cases; provide necessary medical treatment, investigate cases and implement corrective actions to eliminate their causes; and facilitate return of employees to work.
• Industrial Hygiene. Employees’ exposure to chemical, biological and physical agents is identified, evaluated, and controlled. Engineering or administrative controls are used to control over-exposures. When hazards cannot be adequately controlled by such means, employee health is protected by appropriate personal protective equipment programs. 
• Physically Demanding Work. Employee exposure to the hazards of physically demanding tasks, including manual material handling and heavy or repetitive lifting, prolonged standing and highly repetitive or forceful assembly tasks, is identified, evaluated and controlled.
• Machine Safeguarding. Production and other machinery is evaluated for safety hazards. Physical guards, interlocks and barriers are provided and properly maintained where machinery presents an injury hazard to workers.
• Dormitory and Dining. If we provide our employees with dormitory or dining facilities, the facilities include clean toilet facilities, access to potable water, and sanitary food preparation and storage facilities. Dormitories that we provide in some locations, or that are provided by third party agencies, are clean and safe and provide adequate emergency egress, adequate heat and ventilation, reasonable personal space, and reasonable entry and exit privileges.
• Health and Safety Communication. We provide appropriate workplace health and safety information and training, including written health and safety information and warnings, in the primary language of our employees.

Our Environment

• Environmental Permits and Reporting. All required environmental permits, approvals and registrations are in place and followed.
• Pollution Prevention and Resource Reduction. Waste of all types, including water and energy, is reduced or eliminated at the source or by practices such as modifying production, maintenance and facility processes, materials substitution, conservation, recycling and reuse.
• Hazardous Substances. Chemical and other materials posing a hazard if released to the environment are identified and managed to ensure safe handling, movement, storage, use, recycling or reuse and disposal.
• Wastewater and Solid Waste. Wastewater and solid waste generated from operations, industrial processes and sanitation facilities are characterized, monitored, controlled and treated as required prior to discharge or disposal.
• Air Emissions. Emissions of volatile organic chemicals, aerosols, corrosives, particulates, ozone depleting chemicals and combustion by-products generated from operations are characterized, monitored, controlled and treated as required prior to discharge.
• Product Content Restrictions. We adhere to all applicable laws, regulations and customer requirements regarding prohibition or restriction of specific substances, including labeling for recycling and disposal.

Business Conduct and Ethics

• Business Integrity. We are committed to the highest standards of integrity in the ways we manage our company. Our Code of Business Conduct and Ethics applies to all directors, officers and employees worldwide and requires our businesses and organizations to be operated legally and ethically. Among other prohibitions, our code forbids corruption, extortion and embezzlement. We maintain monitoring and enforcement procedures to ensure conformance.
• No Improper Advantage. Under our Code of Business Conduct and Ethics, bribes or other means of obtaining undue or improper advantage are not to be offered or accepted.
• Disclosure of Information. Information about our business activities, structure, financial situation and performance is disclosed in accordance with U.S. financial reporting laws and regulations, generally accepted accounting principles, the rules of the New York Stock Exchange, and best practices relating to public disclosure and analyst communication. We publish our periodic financial reports, proxy statements and additional information on our Investor Relations webpage.
• Intellectual Property. We respect the intellectual property rights of our competitors. We safeguard the intellectual property of our customers, suppliers and other business partners.
• Fair Business, Advertising and Competition. We uphold standards of fair business, advertising and competition. Appropriate means to safeguard customer information are available.
• Protection of Identity. We maintain a toll-free telephone hotline for reporting compliance and ethics issues that is available to all employees worldwide, with translation, at all times. The confidentiality and protection of employee and supplier whistleblowers is assured.

Our Communities

• Our Commitment. We are committed to being active and supportive members of our communities. Part of our commitment to corporate responsibility is our belief in supporting non-profit community organizations and programs with financial and in-kind support, and supporting employees who contribute time and energy in leadership and other roles in community organizations.
• Program. Our Community Relations and Philanthropy program ties our philanthropy to our businesses and our people and helps make our communities, our employees and our company more successful.
• Strategic Giving. We adhere to four corporate giving themes that are aligned with our businesses, and which guide our activities in public policy advocacy and in other respects--
• Energy Efficiency
• Primary and Secondary Education in Science, Technology, Engineering and Mathematics (STEM)
• Health and Wellness
• Community Engagement

Public Policy Advocacy

• Our Approach. Public policy can affect our businesses and our ability to grow. We believe we have an obligation to our stockholders, employees, customers and other stakeholders to advocate for government policies that help us achieve our business goals, that protect and promote the company’s interests, and that fulfill our corporate responsibility obligations.
• Program. Our public policy advocacy is aligned with our business interests and our community relations and philanthropy efforts. For example, we advocate for public policies that promote energy efficiency, that support basic funding for science research and development, and that advance science, technology, engineering and mathematics education. We are transparent in our advocacy efforts and publish our public policy priorities.

Management Systems

• Company Commitment. We maintain this policy to affirm and guide our commitments to corporate responsibility and continual improvement. This policy is endorsed by our executive management.
• Management Accountability and Responsibility. We have identified those executive officers who are responsible for ensuring implementation of the management systems and associated programs reflected in this policy. Our executive management reviews the status of these systems on a regular basis.
• Legal and Customer Requirements. We have management structures and systems to identify, monitor and understand applicable laws, regulations, customer requirements and voluntarily adopted standards.
• Risk Assessment and Risk Management. We maintain processes to identify environmental, health and safety, and labor practice and ethics risks of our operations.
• Improvement Objectives. We will develop written performance objectives, targets and implementation plans to improve our performance.
• Training. We train our managers and employees on implementing our policies, procedures and improvement objectives and to meet applicable legal and regulatory requirements.
• Communication. We communicate clear and accurate information about our policies, practices, expectations and performance to our employees and are expanding this effort to suppliers and customers.
• Employee Feedback and Participation. We will maintain ongoing processes to assess our employees’ understanding of and obtain feedback on practices and conditions covered by this policy and to foster continuous improvement.
• Audits and Assessments. To the extent not already part of our self-assessment and auditing processes, we will undertake periodic self-evaluations to ensure conformity to the contents of this policy and customer requirements related to social and environmental responsibility.
• Corrective Action Process. We maintain processes for timely correction of deficiencies identified by internal or external assessments, inspections, investigations and reviews.
• Documentation and Records. As part of our records management process, we maintain records to ensure regulatory compliance and conformity to company requirements along with appropriate confidentiality to protect privacy.

This policy is not intended to, and does not, create new or additional rights for third parties, including employees.

Rev. 110922