EXHIBIT 14(b)
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        LANDAUER, INC. CODE OF ETHICS FOR FINANCIAL EXECUTIVES
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This Landauer, Inc. Code of Ethics for Financial Executives ("Code of
Ethics") applies to our principal executive officer, principal financial
officer, principal accounting officer or controller, or persons performing
similar functions (collectively, the "Covered Officers").  Landauer expects
each of the Covered Officers to act in accordance with the highest
standards of personal and professional integrity in all aspects of their
activities, to comply with all applicable laws, rules and regulations, to
deter wrongdoing and abide by this Code of Ethics and the Landauer, Inc.
Code of Business Conduct and Ethics.  This Code of Ethics is intended to
supplement the Landauer, Inc. Code of Business Conduct and Ethics.

Each Covered Officer will:

     (a)   Engage in and promote honest and ethical conduct, including the
           ethical handling of actual or apparent conflicts of interest
           between personal and professional relationships;

     (b)   Produce full, fair, accurate, timely, and understandable
           disclosure in reports and documents that Landauer files with,
           or submits to, the Securities and Exchange Commission and in
           other public communications made by Landauer;

     (c)   Comply with applicable governmental laws, rules and
           regulations; and

     (d)   Promptly report any possible violation of this Code of Ethics
           to any of the individuals listed below or to the Global
           Compliance Services - Integrity Line 1-888-475-8268.

Each Covered Officer is prohibited from directly or indirectly taking any
action to fraudulently influence, coerce, manipulate or mislead Landauer's
independent public auditors for the purpose of rendering the financial
statements of Landauer misleading.

Each Covered Officer will be held accountable for adherence to this Code of
Ethics.  Any failure to observe the terms of this Code of Ethics may result
in disciplinary action, up to and including termination of employment.
Violations of this Code of Ethics may also constitute violations of law and
may result in civil and criminal penalties for the Covered Officer, his or
her supervisors and/or Landauer.

If a Covered Officer has any questions regarding the best course of action
in a particular situation, he or she should promptly contact any of the
individuals listed below.  A Covered Officer may choose to remain anonymous
in reporting any possible violation of this Code of Ethics.  No employee
will be penalized for making a good-faith report of violations of this Code
of Ethics or other illegal or unethical conduct, nor will Landauer tolerate
retaliation of any kind against anyone who makes a good-faith report.
Reports may be made to:

     .     Global Compliance Services - Integrity Line 1-888-475-8268

     .     Robert J. Cronin, Director, Audit Committee Chair

     .     James Eidam, PricewaterhouseCoopers, Independent Auditor

This Code of Ethics does not supersede or replace the existing policies and
procedures already in place as stated in the Landauer Code of Business
Conduct and Ethics and communicated to Landauer's employees, officers and
directors.

Any change to, or waiver of, this Code of Ethics for covered officers must
be approved by the Board and disclosed promptly to Landauer's shareholders.