CONSULIER ENGINEERING, INC.
CODE OF ETHICS
The board of directors of Consulier Engineering, Inc., a Florida corporation (the “Company”) has adopted this code of ethics with the aim of doing the following:
! promoting honest and ethical conduct, including fair dealing and the ethical handling of conflicts of interest;
! promoting full, fair, accurate, timely, and understandable disclosure;
! promoting compliance with applicable laws and governmental rules and regulations;
! ensuring protection of the Company’s legitimate business interests, including corporate opportunities, assets, and confidential information; and
! deterring wrongdoing.
All directors, officers, and other employees of the Company are expected to be familiar with this code and to adhere to those principles and procedures stated in this code that apply to them.
For purposes of this code, the “Code of Ethics Contact Person” is our general counsel, who currently is Alan R. Simon. His telephone number is (561) 493-7500 and his email address is ars@simonandsimonlaw.com .
From time to time, the Company may waive some provisions of this code, but any waiver for executive officers or directors of the Company may be made only by the board of directors and must be promptly disclosed as required by the listing requirements of the Nasdaq Stock Market, Inc.
A. Honest and Candid Conduct
Each director, officer, and employee owes a duty to the Company to act with integrity. Integrity requires, among other things, being honest and candid. Deceit is inconsistent with integrity.
Each director, officer and employee must do the following:
! act with integrity, including by being honest and candid while still maintaining the confidentiality of information where required or consistent with the Company’s policies;
! observe both the form and spirit of laws and governmental rules and regulations, accounting standards and Company policies; and
! adhere to a high standard of business ethics.
B. Conflicts of Interest
A “conflict of interest” occurs when an individual’s private interests interfere or appear to interfere with the interests of the Company. A conflict of interest can arise when a director, officer, or employee takes actions or has interests that may make it difficult for that employee to perform his or her Company work objectively and effectively. For example, a conflict of interest would arise if a director, officer, or employee, or a member of his or her family, receives improper personal benefits as a result of his or her position in the Company. Any material transaction or relationship that could reasonably be expected to give rise to a conflict of interest should be discussed with the Code of Ethics Contact Person.
In particular, clear conflict-of-interest situations involving directors, executive officers and other employees who occupy supervisory positions or who have discretionary authority in dealing with third parties may include the following:
! any significant ownership interest in any supplier or customer;
! any consulting or employment relationship with any supplier, customer or competitor;
! any outside business activity that detracts from an individual’s ability to devote appropriate time and attention to his or her responsibilities with the Company;
! receipt of non-nominal gifts or excessive entertainment from any company with which the Company has or expects to have business dealings;
! being in the position of supervising, reviewing, or having any influence on the job evaluation, pay or benefit of any immediate family member; and
! selling anything to the Company or buying anything from the Company, except on the same terms as would be offered unrelated third parties.
Such situations, if material, should always be discussed with the Code of Ethics Contact Person.
Service to the Company should never be subordinated to personal gain and advantage. Conflicts of interest should, whenever possible, be avoided. Anything that would present a conflict for a director, officer, or employee would likely also present a conflict if it relates to a member of his or her family.
C. Disclosure
Each director, officer or employee involved in the Company’s disclosure process is required to be familiar with and comply with the Company’s disclosure controls and procedures and internal control over financial reporting, to the extent relevant to his or her area of responsibility, so that the Company’s public reports and documents filed with the Securities and Exchange Commission (“SEC”) comply in all material respects with the applicable federal securities laws and SEC rules. In addition, each such person having direct or supervisory authority over SEC filings or the Company’s other public communications concerning its general business, results, financial condition, and prospects should, to the extent appropriate within his or her area of responsibility, consult with other Company officers and employees and take other appropriate steps regarding these disclosures with the goal of making full, fair, accurate, timely, and understandable disclosure.
Each director, officer or employee who is involved in the Company’s disclosure process must do the following:
! familiarize himself or herself with the business and financial operations of the Company and the disclosure requirements applicable to the Company;
! not knowingly misrepresent, or cause others to misrepresent, facts about the Company to others, whether within or outside the Company, including to the Company’s independent auditors, governmental regulators, and self-regulatory organizations.
! properly review and critically analyze proposed disclosure for accuracy and completeness (or, where appropriate, delegate this task to others).
D. Compliance
It is the Company’s policy to comply with all applicable laws, rules, and regulations. It is the personal responsibility of each director, officer, and employee to adhere to the standards and restrictions imposed by those laws, rules, and regulations.
It is against Company policy and in many circumstances illegal for a director, officer, or employee to profit from undisclosed information relating to the Company or any other company. Any director, officer, or employee may not purchase or sell any of the Company’s securities while in possession of material nonpublic information relating to the Company. Also, any director, officer, or employee may not purchase or sell securities of any other company while in possession of any material nonpublic information relating to that company.
Any director, officer, or employee who is uncertain about the legal rules involving a purchase or sale of any Company securities or any securities in companies that he or she is familiar with by virtue of his or her work for the Company, consult with the Code of Ethics Contact Person.
E. Reporting and Accountability
The board of directors is responsible for applying this code to specific situations in which questions are presented to it and has the authority to interpret this code in any particular situation. Any director, officer, or employee who becomes aware of any existing or potential violation of this code is required to notify the Code of Ethics Contact Person promptly. Failure to do so would itself constitute a violation of this code.
Any questions relating to how this code should be interpreted or applied should be addressed to the Code of Ethics Contact Person. A director, officer, or employee who is unsure of whether a situation violates this code should discuss the situation with the Code of Ethics Contact Person to prevent possible misunderstandings and embarrassment at a later date.
Each director, officer or employee must do the following:
! notify the Code of Ethics Contact Person promptly of any existing or potential violation of this code.
! not retaliate against any other director, officer or employee for reports of potential violations that are made in good faith.
The board of directors must take all action they consider appropriate to investigate any violations reported to them. If a violation has occurred, the Company will take such disciplinary or preventive action as it deems appropriate.
F. Corporate Opportunities
Directors, officers, and employees owe a duty to the Company to advance the Company’s business interests when the opportunity to do so arises. Directors, officers, and employees are prohibited from taking (or directing to a third party) a business opportunity that is discovered through the use of corporate property, information, or position, unless the Company has already been offered the opportunity and turned it down. More generally, directors, officers, and employees are prohibited from using corporate property, information, or position for personal gain and from competing with the Company.
Sometimes the line between personal and Company benefits is difficult to draw, and sometimes there are both personal and Company benefits in certain activities. Directors, officers, and employees who intend to make use of Company property or services in a manner not solely for the benefit of the Company should consult beforehand with the Code of Ethics Contact Person.
G. Confidentiality
In carrying out the Company’s business, directors, officers, and employees often learn confidential or proprietary information about the Company, its customers, and suppliers. Directors, officers, and employees must maintain the confidentiality of all information so entrusted to them, except when disclosure is authorized or legally mandated. Confidential or proprietary information of the Company, and of other companies, includes any non-public information that would be harmful to the relevant company or useful or helpful to competitors if disclosed.
H. Fair Dealing
We have a history of succeeding through honest business competition. We do not seek competitive advantages through illegal or unethical business practices. Each director, officer, and employee should endeavor to deal fairly with the Company’s customers, service providers, suppliers, competitors, and employees. No director, officer, or employee should take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any unfair dealing practice.
I. Protection and Proper Use of Company Assets
All directors, officers, and employees should protect the Company’s assets and ensure their efficient use. All Company assets should be used only for legitimate business purposes. |
