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HONOR INTEGRITY




                                                                                   ETHICS                 VALUES
                           VALUES         HONESTY                     INTEGRITY                           HONOR





       ETHICS                             COMPLIANCE                                                     REPUTATION




   LOYALTY                                COOPERATION                                                             LOYALTY




                                          COMMITMENT                                         COMMITMENT



                           TRUST  COMMITMENT



















                            THE IMC COMPASS:

                            GOOD BUSINESS CONDUCT

                            AND ETHICS CODE

















                                                                       IMC

           N



    NW     0                  20                 40                   60                 80                 100                 120               140                160               180                200                220              240                 260               280                300                320              340                NE  INT’L METALWORKING CO.
           IMCCOMPASS
 W                    E




    SW           SE
           S
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