Sitestar Corporation (Company) and its subsidiaries are committed to conducting business in accordance with applicable laws, rules and regulations and the highest standards of business conduct, and to full and accurate financial disclosure in compliance with applicable law. This Code of Ethics applies all of the Company’s employees, and constitutes the Company’s “Code of Ethics” within the meaning of Section 406 of the Sarbanes-Oxley Act of 2002. This Code of Ethics sets forth specific policies to guide the Company’s Chief Executive Officer and Chief Financial Officer (Senior Officers) in the performance of their duties.
In addition to complying with applicable law, the Company must engage in and promote honest and ethical conduct and abide by this Code of Ethics as well as other Company policies and procedures that govern the conduct of our business. The responsibilities include creating a culture of ethical business conduct and commitment to compliance, maintaining a work environment that encourages employees to raise concerns, and promptly addressing employee compliance concerns.
Compliance with Laws, Rules and Regulations:
The Company is required to comply with the laws, rules and regulations that govern the conduct of Company business and to report any suspected violations in accordance with the section below entitled “Compliance With Code of Ethics.”
Conflicts of Interest
The Company’s obligation to conduct the Company’s business in an honest and ethical manner includes the ethical handling of actual or apparent conflicts of interest between personal and professional relationships. Without full disclosure of all facts and circumstances and written approval, the Company shall not make any investment, accept any position or benefits, participate in any transaction or business arrangement or otherwise act in a manner that creates or appears to create a conflict of interest. Senior Officers must make the disclosure to, and receive the prior written approval of, the General Counsel and the Board of Directors, or such other individual or committee of the Board of Directors as may be designated by the Board of Directors. All other employees must make disclosure to, and receive the written approval of, those individuals who are delegated such responsibility through policies and procedures adopted by the Company.
Disclosures
It is Company policy to make full, fair, accurate, timely and understandable disclosure in compliance with all applicable laws, rules and regulations in all reports and documents that the Company files with, or submits to, the Securities and Exchange Commission and in all other public communications made by the Company. Senior Officers are required to promote in compliance with this policy and Senior Officers and employees are required to abide by Company standards, policies and procedures designed to promote compliance with this policy. The Company must record the company’s financial activities in compliance with all applicable laws and accounting practices. The making of false or misleading entries, records or documentation is strictly prohibited. The Company must never create a false or misleading report or make a payment or establish an account on behalf of the company with the understanding that any part of the payment or account is to be used for a purpose other than described by the supporting documents
.Insider Trading
As a publicly traded entity, the Company is required to provide full and fair public disclosure on a timely basis of any activities that would materially affect the value of its stock, options or any of its other securities. In the normal course of business, some employees may have access to information about these activities before it becomes public knowledge. Until it is released to the public, this knowledge is consider “insider” information and shall be kept confidential. Insider trading and the communication of inside information to third parties ("tipping") are both unethical and illegal, and will be dealt with severely
Compliance with Code of Ethics
If a Senior Officer knows of or suspect a violation of applicable laws, rules or regulations or this Code of Ethics, he/she should promptly report that information to the General Counsel. All other employees who know of or suspect a violation of applicable laws, rules or regulations or this Code of Ethics should promptly report that information to either the General Counsel or the person designated in other polices and procedures adopted by the Company. No one will be subject to retaliation because of a good faith report of a suspected violation. Violations of this Code of Ethics may result in disciplinary action, up to and including discharge. The Board of Directors shall determine, or shall designate appropriate persons to determine, appropriate action in response to violations of this Code.
Waivers of Code of Ethics
Senior Officers who would like to seek a waiver of this Code of Ethics must make full disclosure of the particular circumstances to the General Counsel and the Chairman of the Board of Directors, or such other individual or committee of the Board of Directors as may be designated by the Board of Directors. All other requests for waivers should be directed to either the Company’s personnel manager or the person designated in other policies and procedures, adopted by the Company. Amendments to this Code of Ethics, and waivers of this Code of Ethics for Senior Officers, will be publicly disclosed as required by applicable law and regulations.
No Rights Created
This Code of Ethics is a statement of certain fundamental principles, policies and procedures that govern the company’s employees and directors in the conduct of the Company’s business. It is not intended to and does not create any rights in any employee, director, vendor, competitor, stockholder or any other person or entity.
