Political Activity Policy Statement
Teradata Corporation (“Teradata” or the “Company”) is committed to being a responsible corporate citizen and complies with applicable laws and related regulations regarding the use of corporate resources in connection with political activities. In addition, Teradata generally encourages its employees to participate in permitted political activities where they live and work, provided that such activities only occur in an individual and private capacity and not on behalf of the Company.
In furtherance of these principles, Teradata has adopted a political activity policy which provides that the Company and its affiliates will not make political contributions or use any corporate funds or assets for any candidates or political parties, including campaign committees and funds, caucuses, independent expenditure committees, or special interest groups engaged in lobbying activities. All lobbying activities and other political activity on behalf of the Company, including participation in any trade associations, must be coordinated through, and approved in advance by, the Teradata Law Department. Employees who engage in partisan political activities, including the election process, must do so solely on their own behalf and not on the Company’s behalf, time or premises.
- No Company funds or assets may be used directly or indirectly to support any political party, candidate or similar political organization. This prohibition extends to any special interest groups organized under U.S. Internal Revenue Service Section 527 engaged in lobbying activities such as super PACs.
- Employees may make personal political contributions (including to any political party, candidate or political organization or interest group) and may engage in political activities of their own choosing. However, such contributions and activities cannot be made or undertaken in any way that would make it appear that Teradata is supporting a candidate for election, a political party, an interest group, or any political initiative or ballot issue without the advance written approval of the Teradata Law Department.
- All lobbying activities (including participation in any trade associations) that are conducted on behalf of Teradata and its business operations, interests, and strategy must be coordinated with, and approved in advance by, the Teradata Law Department.
The now-discontinued Teradata Political Action Committee (“Teradata PAC”) was a non-profit, non-partisan committee registered with the U.S. Federal Election Commission (“FEC”). Prior to 2016, the Teradata PAC accepted voluntary contributions from eligible employees and, in furtherance of the Company’s interests, used those funds to support candidates for elective offices at the U.S. federal and state levels. The Company did not contribute to the Teradata PAC. Employees who were U.S. citizens were able to support the activities of the Teradata PAC through voluntary contributions made in accordance with applicable laws. Contributions made by the Teradata PAC were reviewed by its Steering Committee and made without regard for the private political preferences of Company officers and executives. The Teradata PAC’s contributions are publicly available through the FEC at www.fec.gov. The Teradata PAC ceased accepting employee contributions in late 2015 and terminated operations in early 2016.