Survey Results: Code of Ethics for Directors

1. Does your company have a separate Code of Ethics - one for your Board of Directors and a separate one for your employees? (Total responses: n=76) (select only one) n=21 (27.63%) Yes n=55 (72.37%) No 2. If you answered 'yes' to question #1, why do you have a separate Code for directors? (Total responses: n=22) (select only one) n=3 (13.64%) Wanted to provide directors with a shorter code n=4 (18.18%) Different policies/standards apply to directors and employees n=3 (13.64%) Director code adopted solely to comply with SRO rules n=10 (45.45%) Content of employee code is not applicable to directors (e.g., environmental compliance for manufacturing companies) n=0 (0.00%) Wanted to provide a separate code for training purposes n=2 (9.09%) Other 3. If you answered 'no' to question #1, if your company uses one code for both employees and directors, are you considering separating the two? (Total responses: n=56) (select only one) n=4 (7.14%) Yes n=52 (92.86%) No