At WarnerMedia, we are committed to fostering a business environment where fair, honest and respectful dealings with each other, our customers, competitors, suppliers, government agencies and communities are everyone's responsibility. Our unwavering commitment to high ethical standards of business conduct is a core value that is strongly supported at every level of management.
The company's Standards of Business Conduct embodies our commitment to running our business according to the highest standards of ethics and integrity. The Standards of Business Conduct applies to all corporate employees of WarnerMedia, and serves as a model for similar codes of conduct that have been adopted at each of the company's businesses. Offices outside the United States also have adopted standards of business conduct with modifications as appropriate in light of local laws and rules. Our Standards of Business Conduct stress the importance of abiding by the law, being truthful, being transparent in our business dealings, putting the needs of our shareholders and customers first, and avoiding excesses and ethical lapses. More detailed policies on various ethics and compliance topics, such as anti-corruption, information security and social media, provide additional guidance to company employees.
Since business situations can often be complicated or unclear and the laws governing ethics and compliance are numerous, a strong compliance environment needs more than codes of conduct and policies. It also requires training, education, and employee trust. To that end, all new hires who are regular domestic employees receive training on the Standards of Business Conduct shortly after their arrival at the company, and annual ethics and compliance training is also conducted for existing employees. Ongoing efforts in this area include multi-media training programs, as well as multi-faceted awareness campaigns that use a variety of media and print outlets to reach our employees. We have also provided additional training to those employees involved in conducting international business in areas including anti-corruption, data privacy and competition.
We encourage employees to report any concerns about conduct or incidents that may run counter to our values, and we have a strict policy prohibiting retaliation for concerns raised or reported in good faith.