FPU » Topics » Protecting Assets

This excerpt taken from the FPU 8-K filed Mar 2, 2005.

Protecting Assets

Collectively, we have a responsibility to protect the company’s assets and ensure their efficient use.  Theft, carelessness and unnecessary waste have a direct impact on the company’s profitability and ultimately, on our jobs.

Page revised 02/24/05

Supplies and equipment purchased by the company are intended to be used for FPU’ business purposes only.  Any other use, after hour’s charitable work, for example, must receive prior approval from your Director.  Everyone involved in operating equipment has a responsibility for understanding its proper use and maintaining it in good condition.

Information is an important company asset.  Unintended release of business or technical information to third parties may help our competitors.  If competitors gain even a very general sense of our business plans, it may give them a head start in reducing whatever advantages we may have.  Inappropriate handling of sensitive information or original ideas provided by third parties can lead to a loss of trust and liability for damages.

Employees who have access to proprietary and confidential information, e.g. engineering designs, employee records, data entrusted to us by a customer must take every precaution to keep it confidential.  Be cautious in discussing company business in public – in restaurants, on airplanes or on telephones.  Use extra care in transmitting confidential materials via fax.  Remember that our obligation to protect FPU’s proprietary and confidential information continues after we leave the company.

Protection of company information also means reporting information completely and accurately.  Trying to hide bad news through misleading information undermines trust and may be illegal in some cases.

The reputation of the company, its employees and its services is also an important asset that you have a responsibility to protect.

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