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Codes of ConductFreddie Mac has built our business on the basis of service, trust and confidence, making us a leader in the mortgage finance industry. How we conduct ourselves, both individually and collectively, represents the conduct of Freddie Mac. Freddie Mac has had a strong Code of Conduct for many years, with separate versions that apply to employees and Directors. In 2004, we revised them to ensure that they met the highest standards of today's corporate governance practices and reflected all applicable requirements of the NYSE Rules and the Sarbanes-Oxley Act. In 2005, the Freddie Mac Board of Directors approved a restructured version of the employee Code that is presented in a more easily readable and accessible fashion. In December 2007, Freddie Mac's Board of Directors approved revisions to the employee Code and to the Director Code that reflect certain policy updates and technical amendments. (These revised Codes are effective February 25, 2008.) Audit Committee Complaint ProceduresFreddie Mac's complaint policy for accounting, internal accounting controls and auditing matters pertaining to the company's business has been created in accordance with the Sarbanes-Oxley Act of 2002 and the corporate governance rules of the NYSE. The policy establishes processes, and defines responsibilities for the receipt, retention and prompt resolution of complaints, including the confidential, anonymous submission by employees of concerns regarding questionable accounting or auditing matters.
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