Corporate Citizenship

Integrity

There has been unending business press about corporate Integrity or the lack of Integrity among a few companies that have not been responsible stewards of shareholder and investor wealth. At Terex we believe that Integrity is critical to the success of the Company. Integrity is not just the responsibility of the CEO and the senior corporate executives alone. It is the responsibility of every employee. Every employee has a personal code of conduct in his or her life that reflects that person's individual values, society's influences and/or governmental law. We all know what acting with Integrity is all about, and must act that way.

Terex fosters a culture of Integrity. We must be a place to work where people do the right things because they are responsible and honest. Every employee is encouraged to live this value at work. With Integrity there is trust, and nothing should compromise this commitment to Integrity. Our stockholders, co-workers, customers and suppliers expect and deserve such devotion.

Code of Ethics and Conduct

Terex believes that a company's conduct and its reputation are among its most valuable assets. It sets the tone for the relationships that a company enjoys with its employees, customers, suppliers, shareholders, the communities in which it operates, the public at large and its competitors. Terex is committed to the practice of good ethics and conduct among its officers, directors and employees. This commitment has many aspects, including avoiding conflicts of interest, maintaining confidentiality of information, ensuring compliance with laws, fostering a work atmosphere of mutual respect, properly using company assets and observing accounting and control procedures to ensure accurate recording, dissemination and reporting of information.

The ethical behavior of Terex and its employees takes precedence over profits, sales or other standards of success. We believe that ethical conduct is not only right, but also will result in success for Terex.

Terex provides all of its employees with a Code of Ethics and Conduct (the Code) which applies to Terex's employees worldwide and reflects our expectation that all of our employees act at all times in a responsible, legal and ethical manner. A copy of the Code can be found under the Corporate Governance portion of the Investors section of this website. The Code represents the core of our business philosophy and values. Our commitment to the highest standards of integrity begins with ensuring that everyone across Terex understands our core values. These values define how we conduct ourselves, both as employees and as decision-makers. All officers, directors and employees of the Company are expected to carefully read and adhere to the policies set forth in the Code.

Corporate Governance

Terex is committed to good corporate governance and to achieving strategic objectives while enhancing shareholder value over the long term. Our Board of Directors and management are committed to representing the interests of our shareholders and acting at all times in an ethical and professional manner. Terex has implemented policies and procedures that are designed to meet or exceed all applicable corporate governance requirements. With the exception of our Chief Executive Officer/Chairman, all of the directors on our Board of Directors are independent as defined by the rules and regulations of both the Securities and Exchange Commission and the New York Stock Exchange. The Audit Committee, Compensation Committee and Governance and Nominating Committees of our Board of Directors all consist solely of independent directors. We have achieved a corporate governance rating from Institutional Shareholder Services of in excess of 97%. A copy of our Corporate Governance Guidelines and Board Committee Charters can be found under the Corporate Governance portion of the Investors section of this website.

Occupational Health and Safety; Concern for the Environment

Terex places particular importance upon the safety of its employees and others and the protection of the environment. Terex is committed to the continuous improvement of workplace health and safety. Terex will not sacrifice the safety of our employees to achieve business goals. Our goal is to provide a safe workplace while producing products that meet the needs of our customers and shareholders.

All employees are required to obey all applicable national, local or other health, safety and environmental laws and regulations and must observe the proper safety rules and environmental practices in work situations. The Company is committed to compliance with these standards and monitors its workplaces to determine if equipment, machinery and facilities meet specified safety standards and that safety and health hazards are adequately addressed through appropriate work practices, training and procedures. Terex does not expect or permit the taking of unnecessary or unreasonable risks in the performance of duties by an employee.

Terex is committed to full compliance with both the spirit and the letter of all national, state and local environmental statutes and regulations applicable to our business. Each of our business units is primarily responsible for occupational and environmental safety at its facilities. Many of our business units have internal personnel dedicated to occupational and/or environmental issues. In addition, in furtherance of our commitment to safety and the environment, Terex has recently established a safety council to assist in auditing, monitoring and training with respect to workplace safety and environmental matters. The council consists of both dedicated safety and environmental professionals, as well as other employees from legal, human resources and operations. The goal of the safety council is to develop a strategic approach to continuous safety improvement in an effort to reduce the number and severity of on the job injuries, improve the quality of the work environment, and assure compliance with health, safety and environmental laws.

Product Safety

Terex is committed to designing, manufacturing and selling safe products. All Terex products are required to be designed and manufactured in compliance with the standards and regulations for markets in which they are sold and/or used. It is essential that all employees be committed to fulfilling this mission. It is a goal of all Terex employees to enhance the safety of customers and other product users by producing safe products. To accomplish this, each employee is required to perform all work relating to Terex products with complete integrity, diligence, and care.

Each of our business units is primarily responsible for designing, manufacturing and selling safe products. Terex also has a team dedicated to product safety consisting of our Director of Product Safety and other product safety engineers. The Product Safety Team is responsible for ensuring that the Terex product safety commitment is followed and that all product safety issues related to our products are addressed. The Product Safety Team has the authority to cause changes in design to improve the safe use of our products and to direct product campaigns, retrofits and recalls when necessary.

Equal Employment Opportunity

It is the policy of Terex to ensure equal employment opportunity, and Terex is committed to a workplace free from discrimination on the basis of non-work related factors, including race, color, national origin, religion, sex, sexual orientation, gender identity, age, disability, veteran status or other characteristic protected by applicable law. Terex prohibits any such discrimination, including harassment, in all aspects of employment.

Community

Terex strives to be a good citizen in communities where it has operations. While it is generally our view that the Company's funds belong to our shareholders and are not ours to freely give away to others, Terex does support local, community-based organizations that recognize and meet the needs of the communities where our employees live, work and volunteer. Examples of the types of local programs and organizations that we support include schools, youth activities, medical assistance programs and other organizations that provide opportunities and services to the those who are in need or are underprivileged.

Contact Us

If you want to contact Terex concerning corporate citizenship matters, you may write to us at:

Terex Corporation
200 Nyala Farm Road
Westport, Connecticut 06880
Attention: Corporate Secretary