On November 5, 2024, LKQ Corporation (LKQ, Financial) announced that its Board of Directors has approved and adopted an updated and revised Code of Ethics. This revision is part of the company's periodic review process and applies to all employees, officers, and directors of LKQ and its subsidiaries.
The updated Code of Ethics reflects LKQ's ongoing commitment to sustainability and corporate responsibility. Key revisions include a clarified stance on gifts and entertainment, a reinforced focus on preventing bribery and corruption, and an emphasis on the importance of preventing insider trading. These changes aim to address potential risks and ensure that LKQ's ethical standards remain robust and relevant in today's business environment.
While the revisions introduce several clarifying, stylistic, and non-substantive changes, they do not materially alter the responsibilities and obligations outlined in the previous Code. Importantly, the amendments do not imply any waiver of the existing provisions.
For those interested in reviewing the complete text of the amended Code of Ethics, it is available on LKQ's official website. This update underscores LKQ's dedication to maintaining high ethical standards and transparency in its operations.
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