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I. INTRODUCTION
The Code of Business Conduct and Ethics (also referred to in this Manual as the “Code”) has been adopted by the Board of Directors. This Code embodies the commitment of Condor and any of its subsidiaries (collectively referred to in this Code as “Condor”) to conduct its business in accordance with all applicable laws, rules and regulations and high ethical standards. The purpose of the Code is to:
- promote honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;
- promote avoidance of conflicts of interest, including disclosure to an appropriate person of any material transaction or relationship that reasonably could be expected to give rise to such a conflict;
- promote the protection and proper use of corporate assets and opportunities;
- promote the confidentiality of corporate information;
- promote full, fair, accurate, timely and understandable disclosure in reports and documents that the Corporation files with, or submits to, the securities regulators and in other public communications made by the Corporation;
- promote compliance with applicable governmental laws, rules and regulations;
- promote the prompt internal reporting to an appropriate person of violations of this Code;
- promote commitment to the environment and to the health and.
- safety of the public and all employees and contractors;
- promote accountability for adherence to this Code;
- provide guidance to employees, officers and directors of the Corporation to help them recognize and deal with ethical issues;
- provide mechanisms to report unethical conduct; and
- help foster a culture of honesty and accountability for the Corporation.
The actions of all Condor employees,
officers and directors shall reflect honesty, integrity and impartiality that is beyond doubt and that all business should be done in a manner that:
- complies with applicable laws, rules and regulations;
- avoids conflicts of interest;
