FACE="Times New Roman" SIZE="2">Item 10 - Directors, Executive Officers and Corporate Governance
SIZE="2">Code of Conduct and Ethics
The company has adopted a Code of Conduct and Ethics that applies its Board of Directors and all employees, including our principal executive officer, principal financial officer and principal accounting officer and serves as a framework for our directors and employees to exercise their best efforts to conduct themselves at the highest possible level of integrity and honesty. The Code of Conduct and Ethics is published on our website, www.vasco.com in the Investors, Corporate Governance section. Any amendments to, or waivers from, a provision of the Code of Conduct and Ethics that applies to our principal executive officer, principal financial officer or principal accounting officer also will be posted on our website.
All other information in response to this Item is incorporated by reference to the Directors and Executive Officers and Section 16(a) Beneficial Ownership Compliance sections of VASCOs Proxy Statement for the 2009 Annual Meeting of Shareholders.