eTrade 2011 Annual Report Download - page 205

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Outside Business Activities
L
aws and regulations restrict your ability to become an officer, director or employee of a company not affiliated with E*TRADE
or to engage in certain outside business activities.
Before engaging in an outside business activity, all employees must obtain written approval in accordance with E*TRADE’s outside
business activities policies, which are posted on My Channel*E. Failure to obtain such approval may subject E*TRADE and you to
severe regulatory penalties and civil liability. Employees may also be subject to disciplinary action, up to and including termination o
f
employment.
Even if an outside activity has been approved, employees may not engage in that activity during working hours at E*TRADE nor use
E*TRADE facilities to further those outside activities except in accordance with E*TRADE’s policies. Employees’ participation in an
outside activity must not interfere with your duties at E*TRADE. Please note, that activities on behalf of regulators, regulatory
advisory groups and industry-related trade associations are not included in this prohibition. Additional information regarding outside
business activities is available on My Channel*E at
https://mychannele.corp.etradegrp.com/web/guest/departments/brokeragecompliance/surveillance/associate
Members of the E*TRADE Financial Corporation Board of Directors must adhere to the Corporate Governance Guidelines including
seeking approval of such committee to engage in certain business activities.
Outside Directorships, Industry-Related Organizations, Residential Boards and Charities
All employees are required to request approval for directorships or equivalent leadership positions in industry-related organizations,
such as trade associations. E*TRADE generally will not grant approval of outside business activities with another financial services
firm, including, but not limited to, broker-dealers, banks, mortgage dealers and non-affiliated investment advisers. You are required to
obtain approval to become a director or officer of a residential cooperative or condominium board or charitable organization.
Approval will depend upon the nature of your responsibilities at E*TRADE and whether you will be compensated by, or render
investment advice to, the board. Consult the Legal and Compliance Departments for further information.
Members of E*TRADE Financial Corporation’s Board of Directors must adhere to the Corporate Governance Guidelines and are
requested to advise the Corporate Secretary prior to accepting an appointment to a board of directors or advisory board of financial
institutions or other regulated organizations or companies.
27