Magna Code of Conduct and Ethics

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12 MAGNA INTERNATIONAL | CODE OF CONDUCT AND ETHICS
Financial
Reporting
Magna’s credibility depends on the
accuracy of our financial reports and we
must follow all applicable laws related
to financial reporting. We must also be
completely accurate in our financial
entries.
Our financial controls are designed to
ensure the accuracy and timeliness of
our reports. We will not tolerate anyone
taking any step, or ordering someone
else to take any step, to circumvent these
controls through false or misleading
entries. Doing so is a serious violation of
the Code and could also be a criminal
offense.
Q: I work in accounting and recently received a number
of large supplier invoices. My boss asked that I
record them in the next quarter. She said that doing
so would improve our financial results and help our
share price. Should I follow her instructions?
A: No. Inaccurate dating or delayed reporting of
expenses would lead to overstated earnings this
quarter, and could affect our financial results. Failure
to accurately record all financial information, even
if it is done with the intention of helping Magna, is a
violation of the Code and generally accepted accounting
principles. If your boss is asking you to do this, you
should refuse. If you don’t feel comfortable or continue
to be pressured by your boss, you must immediately
report it to a financial officer at group or corporate office
or a Legal Compliance expert. You can also report the
issue using the