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I.
Overview
TheNewsGate.com’s Code of Ethics sets
forth the guiding principles by which we operate our company
and conduct our daily business with our customers, vendors,
each other, competitors, government and self-regulatory agencies,
the media, and anyone else with whom we have contact. We recognize
that the honesty, integrity and sound judgment of our employees,
officers and directors is essential to our reputation and
success.
These principles apply to all of the directors,
officers and employees of TheNewsGate.com and all of its wholly
owned subsidiaries (collectively referred to in this Code
of Ethics as the “Company” or “TheNewsGate.com”).
This Code of Ethics:
1. Requires the highest standards for honest
and ethical conduct, including proper and ethical procedures
for dealing with actual or apparent conflicts of interest
between personal and professional relationships.
2 . Requires compliance with applicable laws, rules and regulations.
3 . Addresses potential or apparent conflicts of interest
and provides guidance for employees, officers and directors
to communicate those conflicts to TheNewsGate.com.
4 . Addresses misuse or misapplication of TheNewsGate.com
property and corporate opportunities.
5 . Requires the highest level of confidentiality and fair
dealing within and outside the TheNewsGate.com environment.
6 . Requires reporting of any illegal behavior.
II. Conflicts of Interest
A “conflict of interest” occurs
when your private interest interferes or appears to interfere
in any way with the interests of the Company. You are expected
to avoid all situations that might lead to a real or apparent
material conflict between your self-interest and your duties
and responsibilities as an employee, officer or director of
the Company. Any position or interest, financial or otherwise,
which could materially conflict with your performance as an
employee, officer or director of the Company, or which affects
or could reasonably be expected to affect your independence
or judgment concerning transactions between the Company, its
customers, suppliers or competitors or otherwise reflects
negatively on the Company would be considered a conflict of
interest.
You shall not represent the Company in any
transaction with respect to which you have any material connection
or substantial financial interest. Without limiting the scope
of the term, a material connection includes the involvement
of any family member or close personal friend. “Family
member” includes spouse, son, daughter, parent, sister,
brother, grandparent, grandchild, aunt, uncle, niece, nephew,
cousin, father-in-law, mother-in-law, sister-in-law, brother-in-law
or any other members of a household who are not otherwise
included in this list of relatives.
III. Confidentiality
Nonpublic information regarding the Company
or its businesses, employees, customers and suppliers is confidential.
As an employee, officer or director of the Company, you are
trusted with confidential information and must maintain the
confidentiality of such information, except when disclosure
is specifically authorized by the President CEO and/or a member
of Executive Management or required by laws, regulations or
legal proceedings. You are only to use such confidential information
for the business purpose intended. You are not to share confidential
information with anyone outside of the Company, including
family and friends, or with other employees who do not need
the information to carry out their duties. You may be required
to sign a specific confidentiality agreement in the course
of your employment at the Company. You remain under an obligation
to keep all information confidential even if your employment
with the Company ends, for any reason.
The following is a non-exclusive list of confidential
information:
1. Trade secrets, which include any business
or technical information, such as formula, program, method,
technique, compilation or information that is valuable because
it is not generally known;
2. All rights to any invention or process developed by an
employee using the Company facilities or trade secret information,
resulting from any work for the Company, or relating to the
Company’s business, is considered to be “work-for-hire”
under the United States copyright laws and shall belong to
the Company; and
3. Propriety information such as customer lists and customer’s
confidential information.
All public and media communication involving
the Company must have prior clearance of the Executive Management.
IV. Insider Trading
It is both unethical and illegal to buy, sell, trade or otherwise
participate in transactions involving our clients' common
stock or other security while in possession of material information
concerning our clients that has not been released to the general
public, but which when released may have an impact on the
market price of our clients' common stock or other security.
It is also unethical and illegal to buy, sell or trade or
otherwise participate in transactions involving the common
stock or other security of any other company while in possession
of similar non-public material information concerning such
company.
V. Fair Dealing
The Company seeks to outperform its competition
fairly and honestly through superior performance and never
through unethical or illegal business practices. Stealing
proprietary information, possessing or utilizing trade secret
information that was obtained without the owners consent or
inducing such disclosures by past or present employees of
other companies is prohibited.
Each employee, officer and director should
undertake to deal fairly with the Company’s customers,
suppliers, competitors and employees. Additionally, no one
should take advantage of another through manipulation, concealment,
abuse of privileged information, misrepresentation of material
facts, or any other unfair-dealing practices.
Employees must disclose prior to or at their
time of hire the existence of any employment agreement, non-compete
or non-solicitation agreement, confidentiality agreement or
similar agreement with a former employer that in any way restricts
or prohibits the performance of any duties or responsibilities
of their positions with the Company. Copies of such agreement
should be provided to Human Resources to permit evaluation
of the agreement in light of the employee’s position.
VI. Compliance with Laws, Rules and
Regulations
This Code of Ethics is based on the Company’s
policy that all employees, officers and directors comply with
the law. While the law prescribes a minimum standard of conduct,
this Code of Ethics requires conduct that often exceeds the
legal standard.
All directors, officers and employees of the
Company are expected to understand, respect and comply with
all of the laws, regulations, policies and procedures that
apply to them in their position with the Company. Employees
are responsible for talking to their manager or compliance
officer to determine which laws, regulations and Company policies
apply to their position and what training is necessary to
understand and comply with them.
VII. Amendment, Modification and Waiver
This Code of Ethics may be amended or modified by the Board
of Directors of TheNewsGate.com.
Generally, there should be no waivers to this
Code of Ethics; however, in rare circumstances conflicts may
arise that necessitate waivers. Waivers will be determined
on a case-by-case basis by the President CEO with the advice
of the Company’s legal counsel, if considered necessary.
However, waivers for directors and executive officers must
be determined by the Board of Directors. For members of the
Board of Directors and executive officers, the Board of Directors
shall have the sole and absolute discretionary authority to
approve any deviation or waiver from this Code of Ethics.
Any waiver and the grounds for such waiver
by directors or executive officers shall be promptly disclosed
to stockholders and required by the Securities Exchange Act
of 1934 and the rules thereunder and the applicable rules
of NASDAQ.
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