Code of Business Conduct and Ethics

A CEO is entitled to a love life. But when it involves someone at work , things get very dicey very fast — for the CEO , for the employee and, if handled badly, for the company. What can you do now to financially prepare for a layoff later? Lamborghini’s long shot mission to take its super fast cars into the electric age. How to prepare for a job interview: 5 things to know before you go. Chat with us in Facebook Messenger. Find out what’s happening in the world as it unfolds. More Videos McDonald’s CEO out after alleged company policy violation.

IAC to spin off online dating service Match

Options backdating is the process of granting an employee stock option ESO that is dated before its actual issuance. In this way, the exercise strike price of the granted option can be set at a lower price than that of the company’s stock price at the granting date. This process makes the granted option ” in the money ” ITM and therefore of greater value to the holder. The practice of backdating options has been considered unethical and is now the subject of regulatory scrutiny, making it far less widespread in recent years.

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Options Backdating

We send out emails once a week with the latest from the Namely Blog, HR News, and other industry happenings. Expect to see that in your inbox soon! Things get particularly sticky when romantic relationships form between a manager and a direct report—which can have an impact on employee morale and put the company at compliance risk.

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Potential Sexual Harassment at Your Nonprofit or a Mind Your Own Business Romance?

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Wonder what to do if you suspect a romantic relationship between a board member and a staff member? Keeping secrets might create a problem for all concerned. I’m the executive director of a small nonprofit. Recently, I went to a restaurant and saw one of my board members having what was an obviously romantic dinner with our receptionist.

I think they saw me, but I’m not sure. This board member is very involved in our charity and I appreciate all he does. Still, I don’t think it’s appropriate for him to date the receptionist — but I don’t know how to proceed. I haven’t said a word to anyone, but our receptionist seems to be avoiding me. What should I do? I shared this letter with a colleague, a very seasoned nonprofit executive.

Board of Directors

Fifty-two companies currently under criminal investigation. Two indictments. Multiple guilty pleas. All stemming from the practice known as “options backdating.

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By agreeing to serve on a board, members also agree to put the interests of the organization and the shareholders ahead of their own and to avoid inappropriate gains to himself or herself personally or professionally. Conflicts of interest do not always rise to the level of being a crime; often they merely appear to be improper and might result in intangible benefits rather than financial profits.

To avoid conflicts of interest, each organization should have a clear conflict of interest policy detailing their commitment to serving the organization ahead of outside interests and to keeping information confidential. As you develop your policy, ask to read through conflict of interest policies at similar organizations by asking them directly and by reaching out to your professional association.

Once you finish the policy have board members review and sign it. Signing it is a prerequisite for serving on the board. Make sure it is easily accessible so they can refer back to it as needed. Using a board portal software package that has electronic signature capabilities can streamline this process and expedite the approval process. When you consider a potential new board member , ask him or her to fill out a questionnaire disclosing his or her personal and professional obligations.

Existing members should update the questionnaire annually to make sure you are aware of any new obligations they have made. Ask where they work, what other boards they serve on and what their terms are there, what other financial interests they might have, and where their spouse and immediate family members work and serve on boards.

Dating For Company Directors

Members may download one copy of our sample forms and templates for your personal use within your organization. Neither members nor non-members may reproduce such samples in any other way e. Although this policy does not prevent the development of friendships or romantic relationships between co-workers, it does establish boundaries as to how relationships are conducted during working hours and within the working environment.

Individuals in supervisory or managerial roles and those with authority over others’ terms and conditions of employment are subject to more stringent requirements under this policy due to their status as role models, their access to sensitive information, and their ability to affect the employment of individuals in subordinate positions.

Match Group CEO Shar Dubey has been added to the Board of Directors at Fortive, a technology holding company for a variety of leading.

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What it is to be a Company Director

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