Company Code of Ethics
This Code of Ethics applies to Genesis’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. These persons are referred to in this Code of Ethics as Genesis’s “Executive Officers”.
- The Executive Officers are expected to conduct themselves in an honest and ethical manner.
- The Executive Officers are to refrain from activities involving a conflict of interest between themselves and Genesis or, in the alternative, to obtain approval from Genesis’s Board of Directors before engaging in transactions that may involve a conflict of interest. Activities which involve a conflict of interest include:
- Holding a significant financial interest in any supplier, contractor, customer, competitor, or security holder;
- Accepting gifts, loans or preferential treatment from any supplier, contractor, customer, competitor, or security holder;
- Soliciting favors or items from any supplier, contractor, customer, competitor or security holder; and
- Benefiting improperly from the use or disposition of Genesis’s property.
- Advertising novelties, favors, meals and entertainment may be accepted by Executive Officers only if (a) they are consistent with accepted business practice; (b) they are of limited value and cannot be construed as a bribe or payoff; (c) they do not violate any law or generally accepted ethical standards; and (d) public disclosure of the facts will not embarrass Genesis.
- The Executive Officers are expected to use their best efforts to insure that Genesis provides full, fair, accurate, timely, and understandable disclosure in reports and documents that Genesis files with, or submits to, any government agency and in any other public communications made by Genesis. To this end, each Executive Officer is required to take appropriate measures such that:
- All of Genesis’s accounting records, as well as reports produced from those records, are in accordance with Generally Accepted Accounting Principles and the rules and regulations of the Securities and Exchange Commission.
- Genesis’s records fairly and accurately reflect the transactions to which they relate and are properly classified both as to their nature and the appropriate fiscal period.
- Genesis records fairly and accurately reflect, in reasonable detail, Genesis’s assets, liabilities, revenues and expenses.
- All financial transactions are supported by accurate documentation in reasonable detail.
- No information relating to Genesis is concealed from Genesis’s independent auditors.
- The Executive Officers must comply with all government laws, rules and regulations which pertain to Genesis.
- If any Executive Officer fails to comply with this Code, the Executive Officer will be subject to disciplinary measures, including termination of employment.