Nautilus 2003 Annual Report Download - page 86

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prohibiting any illegal payments to any government officials or political party representatives of any country; and
•
complying with all applicable state and federal securities laws.
In furtherance of the Company’s pursuit of the objectives listed above, all employees, officers and directors shall comply with all
applicable governmental laws, rules and regulations, including without limitation those regulating public accounting, securities
regulation, export restrictions, trade practices and advertising, antitrust, foreign corrupt practices, and civil rights.
All employees, officers and directors shall also refrain from illegally trading the Company’s securities while in possession of material,
nonpublic (“inside”) information. The Company’s Insider Trading Policy, which is distributed to all employees, officers and directors at
the time they join the Company, describes the nature of inside information and the restrictions placed on trading in the Company’s stock.
4.
Conflicts of Interest
Employees, officers and directors should not be involved in any activity which creates or gives the appearance of a conflict of interest
between their personal interests and the Company’s interests. A “conflict of interest” occurs when an individual’s private interest
interferes in any way – or even appears to interfere – with the interests of the Company as a whole. A conflict situation can arise when an
employee, officer or director takes actions or has interests that may make it difficult to perform his or her work on behalf of the Company
objectively and effectively. Conflicts of interest also arise when an employee, officer or director, or a member of his or her family,
receives improper personal benefits as a result of his or her position in the Company. Loans to, or guarantees of obligations of such
persons are of special concern.
In particular, no officer or employee shall:
•
be a consultant to, or a director, officer or employee of, or otherwise operate an outside business:
•
that markets products or services in competition with the Company
’
s current or potential products and services;
•
that supplies products or services to the Company; or
•
that purchases products or services from the Company;
• have any financial interest, including stock ownership, in any such outside business that might create or give the appearance of a
conflict of interest;
• seek or accept any personal loan or services from any such outside business, except from financial institutions or service providers
offering similar loans or services to third parties under similar terms in the ordinary course of their respective businesses;
Code of Business Conduct and Ethics
2