In 2008, we received 56 reports via the Code of Conduct telephone hotline or our intranet website. All were investigated; 20 were classified as founded, 18 as unfounded, and 18 were still under investigation at the end of the year. Appropriate disciplinary action ranging from a reprimand to employee termination was taken for all founded violations.

The most common issues reported concerned employee relations, for example physical or verbal harassment and other inappropriate behavior. We do not believe that any of the issues raised were material to our business, financial performance or operational results.

We were recognized by GovernanceMetrics International in 2008. They  ranked K-C in the top one percent among nearly 4,200 companies surveyed in its most recent rating. The top-ranking companies were recognized for best-in-class corporate governance standards.

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