(2) participating in the affairs of, or acceptance of an award for a meritorious public contribution or achievement given by a charitable, religious, professional, social, fraternal, educational, recreational, public service or civic organization. Section 10. Confidential Information. (a) (b) (c) Section 163(a) (4) of the Act makes it a criminal offense for anyone to give to any person any unauthorized information concerning any future action or plan of the Corporation, or having such information to invest or speculate, directly or indirectly, in the securities or property of any company, bank or corporation receiving financial assistance from the Corporation. Criminal statutes also prohibit a Director or Employee from disclosing, other than as provided by law, confidential business information obtained through his employment (Section 121(c) of the Act and 18 U.S.C. 1905). A Corporation Director or Employee shall not make use or give the appearance of making use, or permit others to make use or give the appearance of making use, of Corporation information not made available to the general public, for the purpose of furthering a private interest. As a result of their official duties, Directors and Employees will frequently have access to business information of a confidential nature, including commercial, financial or proprietary data provided by companies seeking financial assistance from the Corporation. Such information is disclosed for official use within the Corporation and is made available for no other purpose than consideration of the financial assistance application or other Corporation matters. Where such confidential business information might be compromised in responding to outside inquiries from apparently authorized or legitimate sources, such as Government agencies, these inquiries should be referred to the Director of Public Disclosure to determine whether the nature and circumstances of such inquiries justify disclosure of the particular information sought. Section 11. Use of Corporation Property. A Director or Employee shall not, directly or indirectly, use, or allow the use of, Corporation property of any kind, including property leased to the Corporation, for other than officially approved activities. An employee has a positive duty to protect and conserve Corporation property, including equipment, supplies and other property entrusted or issued to him. Section 12. Gambling, Betting, and Lotteries. An Employee shall not participate, while on Corporation owned or leased property, or while on duty for the Corporation, in any gambling activity including the operation of a gambling device, in conducting a lottery or pool, in a game for money or property or in selling or purchasing numbers slips or tickets. Section 13. Courtesy. An Employee shall conduct himself in a manner that will assure effective accomplishment of his responsibilities and must observe the requirements of courtesy, consideration and promptness in dealing with those seeking the Corporation's assistance. Section 14. Availability of Counseling. Each Director or Employee may consult the Ethics Officer at any time during normal Corporation hours for counseling on problems raised by this policy. Section 15. Complaints. Complaints from any source concerning the subject matter of this policy, whether emanating from within or outside the Corporation, are to be submitted to the Ethics Officer. PART 3 FINANCIAL INTERESTS, PRIOR EMPLOYMENT, AND SIMILAR INTERESTS Section 16. Restrictions Related to Employee Financial Interests, Prior Employment, and Similar Interests. (a) (b) (c) (d) The maintenance of public confidence in the Corporation requires that a Director or Employee not take any action which would constitute the use of his or her Corporation position to advance personal or private interests. After assuming an office or employment with the Corporation, a Director or Employee shall not acquire any financial interest in a Participating Organization while it is on the list of Participating Organizations maintained by the Ethics Officer pursuant to Section 6(b)(5). Unless authorized to do so as provided hereafter in this section, an Employee shall not participate personally and substantially as an Employee in a particular matter in which the Employee knowingly has a financial interest or in which he or she participated personally and substantially prior to employment by the Corporation. For purposes of this section (1) An Employee "participates" in a particular matter through decision, 24-125 0-83--27 (e) (3) A "financial interest" of an Employee includes the financial interest of the Employee's spouse, dependent child, partner, or an organization (other than the Corporation) in which the Employee is serving as an officer, director, trustee, partner, or employee, or any person or organization with whom the Employee is negotiating or has an arrangement concerning prospective employment. An Employee shall be deemed to be negotiating for prospective employment upon an expression of interest in response to a solicitation for future employment by either the Employee or the person or organization. With the approval of the Chairman, the Ethics Officer may waive the restrictions of subsection (c) of this section in a particular matter for an individual if the Ethics Officer determines in writing that the interest is too remote or too inconsequential, or the prior participation was too insubstantial, to affect the integrity of the services which the Corporation may expect of the individual. This determination shall be made after consultation with the Vice President in charge of the Employee's work assignment. Where it appears that a conflict of interest would arise in other matters in which the Employee might in the future be involved in the performance of normal duties, the Ethics Officer will so advise the Chairman and appropriate action shall be taken. (f) The Chairman may by rule waive the restrictions of subsection (c) of this section for classes of financial interests which the Chairman determines are too remote or too inconsequential to affect the integrity of an Employee's services. The restrictions on the following financial interests are waived pursuant to this paragraph: (g) Financial interests in mutual funds, regulated investment portfolios of which are widely diversified, and similarly Procedure Applicable to Directors. (1) Subsection 118(c) of the Act prohibits a Director from voting on any matter respecting any application, contract, claim, or other particular matter pending before the Corporation, in which, to the Director's knowledge, he or she, his or her spouse, minor child, partner, or an organization (other than the Corporation) in which the Director is serving as an officer, director, trustee, partner, or employee, or any person or organization with whom the Director is negotiating or has any arrangement concerning prospective employment, has a financial interest. This prohibition shall not apply if the Director first advises the Board of Directors of the nature of the particular matter in which he or she proposes to participate and makes full disclosure of such financial interest, and the Board of Directors determines by majority vote that the financial interest is too remote or too inconsequential to affect the integrity of such Director's services for the Corporation in that matter. The Director shall not participate in such determination. (2) Prior to any meeting of the Board of Directors at which (3) If a Director has a financial interest within the purview PART 4. EXECUTIVE PERSONNEL FINANCIAL DISCLOSURE REQUIREMENTS Section 17. Financial Disclosure Requirements For Directors and (a) Statutory. Section 118(a) of the Act and Title II of the Ethics in Government Act of 1978, (the 1978 "Act") (Pub. L. 95-521, as amended), requires the Directors and certain Employees of the Corporation to disclose personal financial interests and a description of certain employment relationships in order to avoid potential conflicts of interest, and the appearance of such conflicts, which may arise as they carry out the duties of their positions. The 1978 Act directs the Office of Government Ethics ("OGE") to provide for the systematic review of the financial holdings of both current and prospective Directors and Employees. The Office of Personnel Management ("OPM"), on the recommendation of the Director of OGE, has promulgated regulations establishing the procedures for the filing, review, and public availability of the Financial Disclosure Report required under the 1978 Act. (5 C.F.R. Part 734). General Policy and Purpose. The purpose of this section is to implement Under Title II of the Ethics Act, Directors and officers of the (c) liabilities, and certain purchases, sales, exchanges, and gifts. These reports are not net worth statements. Only assets held as investments and certain other items must be reported. Items for personal use, such as a residence, a personal automobile or jewelry not held for sale need not be reported. Although the reports must be made available if requested by a member of the public, subject to compliance with certain procedures set out in the OPM regulations, they cannot be used for any commercial purpose, for establishing credit rating, or directly or indirectly, in the solicitation of money for any political, charitable or other purpose. In the event that a report is used by a person for one of these prohibited purposes, the Attorney General may institute a civil action against such person. Persons Required to File - General Requirements for Filing. Each (1) A reporting individual who, during any calendar year, performs the duties of his or her office for more than (2) Within thirty days of assuming a position or office at (a) has left another position within the thirty days (b) has already filed such a report as a nominee for the (3) On or before the thirtieth day after termination of his (4) The Ethics Officer may, for good cause shown, grant to |