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We believe it is in the best interest of Baker Hughes and our stakeholders that the business monitors, and that our perspective informs, the development of relevant public policies.
Our participation in the policymaking process is subject to an extensive framework of laws and regulations, as well as company policies and internal oversight that demonstrate our commitment to both the letter and the spirit of the laws governing our activities.
Baker Hughes may from time to time contribute to candidate or issue committees and other political organizations as generally authorized by its Board of Directors and consistent with applicable laws. Baker Hughes does not currently utilize a Political Action Committee. On an annual basis, the Governance & Nominating Committee reviews all corporate political contributions, as well as all non-deductible portions of payments in excess of $50,000 made to trade associations. We publicly report information regarding our advocacy activities and political contributions.