Note: This Addendum to “How We Win” sets forth certain additional standards applicable to Dell’s U.S. Government contract operations.

"How We Win," Dell's Code of Conduct, provides general guidance to all team members on how to behave legally and ethically, and in compliance with the letter and spirit of applicable legal requirements, Dell policies and our ethical principles. It serves as a guidebook for living our values of winning with integrity.

Our Code of Conduct, a fundamental component of our culture of integrity here at Dell, has been extensively revised and updated to bring it into alignment with our purpose and values, as well as with our business, brand and people strategies.

Our reputation as an ethical company and trustworthy business partner is one of our most valuable assets and critical to our success. To safeguard our reputation and our brand, we hold ourselves to standards of ethical behavior that go well beyond legal minimums.

Our ethical principles are:

We are honest. What we say is true and forthcoming — not just technically correct. We are open and transparent in our communications with each other and about our business performance.

We are trustworthy. Our word is good. We keep our commitments to each other and to our stakeholders. We do the right thing without compromise. We avoid even the appearance of impropriety.

We treat others with respect. We value their contributions and listen to their point of view. We maintain fairness in all relationships.

We are courageous. We speak up for what is right. We report wrongdoing when we see it.

We use good judgment. We think before we act. We use our purpose, values and ethical principles as decision filters to guide our behavior.

We are responsible. We accept the consequences of our actions. We admit our mistakes and quickly correct them. We don't retaliate against those who try to do the right thing by asking questions or raising concerns.