FairPoint Communications 2010 Annual Report Download - page 170

supervisor, manager or other appropriate personnel or consult the guidelines described in Section 16 of this Code.
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Employees, officers and directors who have access to confidential information must also adhere to our Insider Trader Policy and are not permitted to use
or share confidential information for stock trading purposes or for any other purpose except the conduct of our business. All non-public information about the
Company should be considered confidential information. To use non-public information about the Company or any other company for personal financial
benefit or to “tip” others who might make an investment decision on the basis of this information is not only unethical but also illegal. Please refer to the
Company’s Insider Trading Policy. The purpose of such policy is to inform you of your legal responsibilities to make clear to you that the misuse of sensitive
information is contrary to Company policies and to set forth procedures with respect to trading in the Company’s securities.
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The Company is committed to providing full, fair, accurate, timely and understandable disclosure in the periodic reports and other information it files
with or submits to the SEC and in other public communications, such as press releases, earnings conference calls and industry conferences, made by the
Company. In meeting such standards for disclosure, the Company’s executive officers and directors shall at all times strive to comply with the Company’s
disclosure obligations and, as necessary, appropriately consider and balance the need or desirability for confidentiality with respect to non-public negotiations
or other business developments. The Company’s CEO and CFO are responsible for establishing effective disclosure controls and procedures and internal
controls over financial reporting within the meaning of applicable SEC rules and regulations. The Company expects the CEO and CFO to take a leadership
role in implementing such controls and procedures and to position the Company to comply with its disclosure obligations and otherwise meet the foregoing
standards for public disclosure.
No employee, officer or director should interfere with, hinder or obstruct the Company’s efforts to meet the standards for public disclosure set forth
above.
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Employees, officers and directors are prohibited from exploiting for their own personal gain opportunities that are discovered through the use of
corporate property, information or position unless the opportunity is fully disclosed to the Board and the Board declines to pursue such opportunity. No
employee, officer or director may use corporate property, information, or position for improper personal gain, and no employee may compete with the
Company directly or indirectly. Employees, officers and directors owe a duty to the Company to advance the Company’s legitimate interest when the
opportunity to do so arises.