Our Corporate Governance Guidelines assist the Board in the exercise of its responsibilities and are a key element of the framework for the governance of Applied Materials.
The Audit Committee oversees the financial reports and other financial information provided by Applied Materials to its stockholders and others, the Company's financial policies and procedures and disclosure controls and procedures, the Company's system of internal control over financial reporting, and the Company's auditing, accounting and financial reporting processes.
The Corporate Governance and Nominating Committee assists the Board in identifying individuals qualified to be directors, oversees the composition, structure and evaluation of the Board and its committees, and develops and maintains a set of corporate governance guidelines.
The Human Resources and Compensation Committee oversees Applied Materials programs that foster employee and executive development, determines executive compensation and oversees significant employee benefits programs, policies and plans relating to Applied Materials employees and executives.
Applied Materials is committed to attaining the highest ethical standards in the conduct of its business and in interactions with its customers, suppliers, competitors and the public. The Company's Standards of Business Conduct set forth policies reflecting these values and provide information and resources available to assist in applying the Company's ethical standards.