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Code of Business Conduct

 

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Title:

Code of Business Conduct

Entities:

Cardiovascular Biotherapeutics, Inc.

Date:

2004

Size:

Preview shows 6KB of 21KB total

Price:

$43

ID:

#1263543

 

 

► Legal ► Codes ► Conduct ► Codes of Business Conduct

 

 

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CARDIOVASCULAR BIOTHERAPEUTICS, INC.

CODE OF BUSINESS CONDUCT

 

 

INTRODUCTION

 

This Code of Business Conduct was adopted by the Companys Board of Directors on July 21, 2004. It covers a wide range of business practices and procedures. It does not cover every issue that may arise, but it sets out basic principles to guide all employees, directors and officers of the Company. All of our employees, directors and officers must conduct themselves accordingly and seek to avoid even the appearance of improper behavior.

 

If a law conflicts with a policy in this Code, you must comply with the law; however, if a local custom or policy conflicts with this Code, you must comply with the Code. If you have any questions about these conflicts, you should ask your supervisor how to handle the situation.

 

Those who violate the standards in this Code will be subject to disciplinary action, including possible dismissal. Furthermore, violations of this Code may also be violations of the law and may result in civil or criminal penalties for you, your supervisors and/or the Company. If you are in a situation which you believe may violate or lead to a violation of this Code, follow the procedures set out in Section 18 of this Code.

 

The basic principles discussed in this Code are subject to any related Company policies covering the same issues.

 

1. Compliance with Laws, Rules and Regulations.

 

Obeying the law, both in letter and in spirit, is the foundation on which this Companys ethical standards are built. All employees, directors and officers must respect and obey the laws of the cities, states and countries in which we operate. Although employees, directors and officers are not expected to know the details of each of these laws, it is important to know enough to determine when to seek advice from supervisors, managers or other appropriate personnel.

 

The Company will hold information and training sessions to promote compliance with laws, rules and regulations, including insider-trading laws.

 

2. Conflicts of Interest.

 

A conflict of interest exists when a persons private interest interferes in any wayor even appears to interferewith the interests of the Company as a whole. A conflict situation can arise when an employee, officer or director takes actions or has interests that may make it difficult to perform his or her Company work objectively and effectively. Conflicts of interest

 

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may also arise when an employee, officer or director, or members of his or her family, receives improper personal benefits as a result of his or her position in the Company. Loans to, or guarantees of obligations of, employees, directors and officers and their family members may create conflicts of interest.

 

It is almost always a conflict of interest for a Company employee, director or officer to work simultaneously for a competitor, customer or supplier. You are not allowed to work for a competitor as a consultant or board member. The best policy is to avoid any direct or indirect business connection with our customers, suppliers or competitors, except on our behalf.


 

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