apple Related Party Transactions Policy

The document outlines Apple Inc.'s policy for reviewing and approving related party transactions to ensure any transactions that pose a conflict of interest are properly evaluated. Key aspects of the policy include: 1) The Audit Committee is responsible for reviewing all related party transactions over $120,000 to determine if they are fair to the company. 2) Transactions must be reported to the Chief Legal Officer or CFO in advance. If approval isn't feasible, the Committee will review and ratify the transaction at its next meeting. 3) The policy defines related parties and interested transactions and provides standards for the Committee's review, including ensuring terms are no less favorable than third party deals. 4) Certain pre-