The document discusses IBM's corporate governance and business ethics. It provides background on IBM's history dating back to the 19th century. It describes IBM's business structure, risk management processes, and focus on documenting controls, policies and risk assessments. The document also discusses IBM's operations in BRIC countries like India, where it has a long history and several regional offices. It outlines IBM's strategies of focusing on research and development, acquisitions, and using global centers of excellence.