FFEX » Topics » IV. Conflicts of Interest

This excerpt taken from the FFEX 8-K filed Nov 20, 2009.
IV. Conflicts of Interest
 
A conflict of interest occurs when the personal interest of an Employee or Director interferes - or appears to interfere - with the interests of the Company. Conflicts of interest can occur when an Employee or Director takes action or has interests that could reasonably be expected to make it difficult to make objective decisions on behalf of the Company or to perform his or her duties objectively and effectively. Conflicts of interest also arise when an Employee or Director, or a member of his or her family, receives improper personal benefits as a result of his or her position with the Company.
 
Except as pre-approved by the Audit Committee of the Company's Board of Directors, transactions that involve a conflict of interest are prohibited as a matter of corporate policy. Any Employee or Director who becomes aware of a conflict or potential conflict, or who has a question about whether a conflict exists, should bring such issues to the attention of the Company's Code Compliance Officer.
 
V. Corporate Opportunities
 
Employees and Directors are prohibited from taking for themselves personally any opportunities that arise through the use of Company property, information or position, using Company property, information or position for personal gain, and directly or indirectly competing with the Company. Employees and Directors owe a duty to the Company to advance the Company's legitimate interests when the opportunity to do so arises.
 
VI. Related Party Transactions
 
A violation of the Company’s Policy Regarding Related Party Transactions shall also be a violation of this Code.  Additionally, the terms of the Company’s Policy Regarding Related Party Transactions are incorporated into this Code.
 

 
 

 

 
This excerpt taken from the FFEX 8-K filed Mar 3, 2009.
IV. Conflicts of Interest
 
 

 
 
A conflict of interest occurs when the personal interest of an Employee or Director interferes - or appears to interfere - with the interests of the Company. Conflicts of interest can occur when an Employee or Director takes action or has interests that could reasonably be expected to make it difficult to make objective decisions on behalf of the Company or to perform his or her duties objectively and effectively. Conflicts of interest also arise when an Employee or Director, or a member of his or her family, receives improper personal benefits as a result of his or her position with the Company.
 
 
Except as pre-approved by the Audit Committee of the Company's Board of Directors, transactions that involve a conflict of interest are prohibited as a matter of corporate policy. Any Employee or Director who becomes aware of a conflict or potential conflict, or who has a question about whether a conflict exists, should bring such issues to the attention of the Company's Code Compliance Officer.
 
 
V. Corporate Opportunities
 
 

 
 
Employees and Directors are prohibited from taking for themselves personally any opportunities that arise through the use of Company property, information or position, using Company property, information or position for personal gain, and directly or indirectly competing with the Company. Employees and Directors owe a duty to the Company to advance the Company's legitimate interests when the opportunity to do so arises.
 
 

EXCERPTS ON THIS PAGE:

8-K
Nov 20, 2009
8-K
Mar 3, 2009

"IV. Conflicts of Interest" elsewhere:

Seaspan (SSW)
TBS International (TBSI)
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