A MESSAGE FROM THE MANAGEMENT
At iTek People Inc, we believe that conducting business ethically is critical to our long-term success. Ethics, integrity, and trust are the foundations upon which we build our reputation and our competitive excellence.
We expect every director, officer, and employee to practice the highest standards of conduct in every business relationship - within the Company and with our customers, business partners, and competitors.
It is important that each officer, director and employee of the Company clearly understands and abides by the Company's commitment to ethics, integrity, and trust. We must comply with applicable laws, rules and regulations in all aspects of our operations. Our steadfast commitment to the highest professional standards is essential to our continued success.
To that end, the Management has adopted the Code of Business Conduct and Ethics attached to this memorandum.
Please review this document and return a signed
copy of the acknowledgement to company. We expect
that all directors, officers and employees will
be familiar with and will abide by the policy.
INTRODUCTION
This Code of Business Conduct and Ethics (the "Code") applies to all directors, officers, and employees of iTek People Inc. ("iTek People Inc" or the "Company"). We have issued this Code to deter wrongdoing and to promote:
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Honest and
ethical conduct by everyone associated with
the Company, including the ethical handling
of actual or apparent conflicts of interest;
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Full, fair, accurate,
timely, and understandable disclosure in
reports and documents that the Company submits
to the United States Treasury, Internal
Revenue Services and Department of Homeland
Security and in the Company's other public
communications; |
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Compliance with applicable
governmental laws, rules, and regulations;
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The prompt internal
reporting of any violations of this Code
to the appropriate person at the Company;
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and accountability for adherence to the Code. |
The effectiveness of this Code depends in part on the cooperation of all directors, officers, and employees in promptly disclosing to the designated persons within the Company any conduct believed to violate the standards described in this Code. The Company has established procedures to ensure that you may report any suspected violations anonymously. The Company expressly prohibits retaliation of any kind against anyone who in good faith reports suspected misconduct.
The Company seeks to foster a culture of compliance with applicable laws, rules, and regulations and the highest standards of business conduct. Everyone at the Company shall promote this culture of compliance. Suspected violations of this Code or applicable laws, rules or regulations must be reported, and the Company will take appropriate steps to investigate them internally. Violators shall be subject to discipline, as deemed appropriate by the Company in its sole discretion, including immediate termination.
This Code is neither a contract nor a comprehensive manual that covers every situation you might encounter. This Code creates no contractual rights. If you have any questions about the provisions of this Code, or about how you should conduct yourself in a particular situation, you should consult your supervisor or department head; or the Company's outside legal counsel.
STANDARDS OF CONDUCT
Conflicts of Interest and Corporate Opportunities
You must ensure that any financial, business, or other activities in which you are involved outside the workplace are free of conflicts with your responsibilities to iTek People Inc. A "conflict of interest" may occur when your private interest in any way interferes - or even appears to interfere - with the interests of the Company. A conflict situation can arise when a person has interests that may impair the objective performance of his or her duties to the Company. Conflicts of interest may also arise when a person (or his or her family member) receives improper personal benefits as a result of his or her position in the Company.
You must disclose any matter that you believe might raise doubt regarding your ability to act objectively and in the Company's best interest. The following is a non-exhaustive list of examples of situations involving potential conflicts of interest that should be disclosed:
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any Company loan to any employee, officer, or director, or Company guarantee of any personal obligation; |
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employment by or acting independently as a consultant to a Company competitor, customer, or supplier; |
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directing Company business to any entity in which an employee or close family member has a substantial interest; |
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owning, or owning a substantial interest in, any of the Company's competitors, customers, or suppliers; |
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Using Company assets, intellectual property, or other resources for personal gain; and |
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accepting anything of more than nominal value - such as gifts, discounts, or compensation - from an individual or entity that does or seeks to do business with the Company. |
Directors and officers shall disclose any actual or apparent conflict situation to the Compliance Officer and to the Audit Committee. Employees who are not officers shall disclose all such situations of which they are aware to an appropriate supervisor or department head, or to the Compliance Officer. All supervisors and department heads who receive such reports must forward them promptly to the Compliance Officer.
Company directors must notify the Management before accepting any position as an officer or director of any outside business concern or entity that has a business relationship with iTek People Inc, or that now is or foreseeably is expected to become a competitor of the Company.
Company officers and employees must obtain necessary approvals before accepting (i) any position as an officer or director of an outside business concern, or (ii) any position as an officer or director of a not-for-profit entity if there is or may be a Company business relationship with the entity or an expectation of financial or other support from the Company. Company officers must obtain such approvals from the Audit Committee; other employees must obtain such approvals from the Compliance Officer.
Directors, officers and employees who have obtained such approvals must promptly notify the appropriate persons specified above in the event of any change in the nature of such business concern's or entity's relationship with the Company or if such concern or entity later becomes a competitor of the Company.
You owe a duty to the Company to advance its legitimate interests. Thus, you may not (i) take for yourself corporate opportunities that are discovered through the use of Company property, information or position, without first offering such opportunities to the Company; (ii) use corporate property, information, or position for personal gain; or (iii) compete with the Company.
Directors and officers of iTek People Inc must adhere to their fundamental duties of good faith, due care, loyalty and privacy owed to all clients, and to act at all times with the Company's and its clients' best interests in mind.
Confidentiality
You must maintain the confidentiality of sensitive business, technical, or other information entrusted to you by the Company, its customers, or business partners, except when disclosure is authorized or legally mandated. Confidential information includes all non public information that might be of use to competitors or harmful to the Company, its customers, or business partners if disclosed. This obligation is in addition to the requirements of any confidentiality agreement that you may have entered into with the Company.
Fair Dealing
You must act fairly, honestly, and in good faith in any dealings on behalf of the Company with any of its customers, suppliers, competitors, employees, and all others. In your role with the Company, you may not take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other unfair-dealing practice.
Protection and Proper Use of Company Assets
You should protect and seek to ensure the efficient use of Company assets. In addition, you should protect against the improper disclosure, theft, or misuse of the Company's intellectual and physical property.
Company assets may be used only for the legitimate business purposes of the Company. The content of the Company's electronic communication infrastructure (e-mail, voicemail, Internet access) is not protected by any right of personal privacy, and the Company can access and monitor any component of this infrastructure at any time without notice.
Compliance with Laws, Rules, and Regulations
iTek People Inc is committed to compliance with applicable laws, rules, and regulations. The Company also maintains separate, detailed policies regarding such matters as freedom from discrimination, and sexual harassment that can be obtained through the Compliance Officer.
Each and every director, officer, and employee must comply with the law. Questions or concerns about compliance issues should be raised by any of the means indicated under "Reporting and Enforcement Mechanisms" below.
Full, Fair, Accurate, Timely and Understandable Disclosures
iTek People Inc strives to ensure that all business records and financial reports are accurate, complete, understandable, and not misleading. The Company is committed to complying with applicable laws requiring the fair and timely disclosure of material information and ensuring the accuracy of publicly disseminated information. To that end, iTek People Inc maintains internal control over financial reporting and disclosure controls and procedures designed to provide reasonable assurance of the safeguarding and proper management of the Company's assets; the reliability of its financial reporting in compliance with generally accepted accounting principles; and compliance with applicable laws and regulations. The Company is committed to maintaining disclosure controls and procedures designed to ensure that financial and non-financial information is collected, analyzed, and timely reported in full compliance with applicable law.
If you obtain or are aware of information causing you to believe that the Company's books or records are not being maintained properly, or that its financial condition or results of operations are not being disclosed appropriately, you should report the matter directly by any of the means indicated under "Reporting and Enforcement Mechanisms" below.
REPORTING AND ENFORCEMENT MECHANISMS
Among your most important responsibilities in this Company are the obligations to (1) comply with this Code and all applicable laws, rules, and regulations, and (2) report any situation or conduct you believe may constitute a possible violation of the Code or the law.
If you should learn of a potential or suspected violation of the Code, you have an obligation to report the relevant information to one of the persons listed below. You may address questions about ethics issues and raise any concerns about a possible violation of the Code or applicable law to:
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a supervisor or department head; |
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the Compliance Officer; and/or |
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outside Company legal counsel. |
Frequently, a supervisor or department head will be in the best position to resolve the issue quickly. However, you may also raise any question or concern with any of the other persons listed above. You may do so orally or in writing and, if preferred, anonymously.
If the issue or concern relates to the internal accounting controls of the Company or any auditing matter, you may report it anonymously to the Audit Committee, pursuant to the procedures established by the Audit Committee.
POLICY AGAINST RETALIATION
iTek People Inc will not tolerate retaliation in any form against any person who in good faith reports suspected violations of the Code or any laws, rules or regulations, voices other ethical concerns, or who is involved on the Company's behalf in investigating or helping to resolve any such issue. Anyone found to have retaliated against another employee for any such conduct may be subject to discipline, including immediate termination. If you believe you have been subjected to such retaliation, you should report the situation as soon as possible to the Compliance Officer.
PENALTIES FOR VIOLATIONS
iTek People Inc is committed to taking prompt and consistent action in response to violations of this Code. Any covered person who violates the Code is subject to disciplinary action, including immediate termination. The Company will promptly investigate reports of suspected violations. It will evaluate suspected violations on a case-by-case basis and apply an appropriate sanction, including, in its sole discretion, reporting the violation to outside authorities.
WAIVER/AMENDMENTS
Only the Management may waive application of or amend any provision of this Code. A request for such a waiver should be submitted in writing to the Management, for its consideration. The Management will promptly disclose to all interested parties, by means of a internal and/or external public communication later than the next periodic report of the Company, all substantive amendments to the Code as well as all waivers of the Code granted to directors or officers, including the reasons for such waivers.
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