Code of Ethics
GC Privé prouds itself for the comprehensive Code of Ethics we apply in our corporate governance and business principles. The Code of Ethics consists of (1) The Code of Business Conduct and Ethics for Directors, Officers and Employees and (2) Code of Professional Conduct and Ethics for Senior Financial Officers. GC Privé's Code of Ethics respects FRC's Codes & Standards.
1. The Code of Business Conduct and Ethics for Directors, Officers and Employees
The stakeholders, team members, clients and partners of GC Privé LLP (GC Privé, the “Company”) rely on the honesty and integrity of the Company’s Board of Directors (the "Board"). To enhance this trust, the Members of the Board of Directors (the “Board Members”, the “Directors”) officers and employees of GC Privé must commit themselves to the following Code of Business Conduct and Ethics (the “Code”).
Conflicts of Interest. Directors, officers and employees must avoid conflicts of interest. A conflict of interest occurs when an individual’s private interest interferes in any way, or even appears to interfere, with the interests of GC Privé as a whole. A conflict situation can arise when a Director, officer or employee takes actions or has interests that may make it difficult to perform his or her company work objectively and effectively. Conflicts of interest also arise when a Director, officer or employee, or member of his or her family, receives improper personal benefits as a result of his or her position in the Company. Any questions about a Director’s, officer’s or employee’s actual or potential conflict of interest with the Company should be brought promptly to the attention of the Nominating and Corporate Governance Committee, which will review the question and determine an appropriate course of action, including whether consideration or action by the full board is necessary. Directors involved in any conflict or potential conflict shall recuse themselves from any decisions relating thereto.
Corporate Opportunities. A Director, officer or employee must not take for himself or herself personally any opportunity that he or she discovers through the use of Company property or information or because of his or her position at the Company. A Director, officer or employee cannot use Company property or information or his or her position at the Company for personal gain. A Director, officer or employee is prohibited from competing with the Company. Directors, officer and employees owe a duty to the Company to advance its legitimate interests when the opportunity to do so arises.
Confidentiality. Directors, officers and employees should maintain the confidentiality of information entrusted to them by the Company or its customers, except when disclosure is authorized or legally mandated. Confidential information includes all non-public information that might be of use to competitors, or harmful to the Company or its customers, if disclosed. Confidential information acquired in the course of one’s directorship shall not be used for personal advantage.
Fair Dealing. Directors, officers and employees shall deal fairly with the Company’s customers, suppliers, competitors and employees. No Director, officer or employee should take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other unfair-dealing practice.
Protection and Proper Use of Company Assets. All Directors, officers and employees shall protect the Company’s assets and ensure that they are used efficiently. Theft, carelessness and waste have a direct impact on the Company’s profitability. All Company assets are to be used for legitimate business purposes.
Compliance with Laws, Rules and Regulations. The Company requires strict compliance by its Directors, officers and employees with applicable laws, rules and regulations, including insider trading laws. The Company prohibits its Directors, officers and employees from trading, either personally or on behalf of others, in securities on the basis of material non-public information. The Company also prohibits Directors, officers and employees from communicating material, non-public information to others so they may trade in securities on the basis of that information.
Reporting Illegal or Unethical Behaviour. Directors, officers and employees should communicate any suspected violations of laws, rules, regulations or the Code to the Chair of the Nominating and Corporate Governance Committee or the Chairman of the Board. The Company will not allow retaliation for any such reports that are made in good faith.
Waiver. Any waiver of this Code for Directors or executive officers must be made by the Nominating and Corporate Governance Committee or the full Board of Directors and must be promptly disclosed to the Company’s stockholders.
2. Code of Professional Conduct and Ethics for Senior Financial Officers
Team members of GC Privé’s Finance Team hold an important and elevated role in corporate governance in that they are uniquely capable and empowered to ensure that all stakeholders’ interests are appropriately balanced, protected and preserved.
The Code of Professional Conduct and Ethics for Senior Financial Officers (the “Finance Code”) provides principles to which GC Privé’s CEO and Senior Financial Officers are expected to adhere and advocate. They embody rules regarding individual and peer responsibilities, as well as responsibilities to other team members, the public and other stakeholders.
These officers are expected to abide by this code as well as any other applicable GC Privé’s policies or guidelines relating to the areas covered by both the Code and the Finance Code, such as the “Code of Ethics and Good Judgment Manual” and the “Legal Handbook” for Employees. Any violations of the Finance Code may result in disciplinary action, up to and including immediate termination.
GC Privé’s CEO and all members of GC Privé’s Senior Finance Team will:
- Act with honestly, integrity, and ethically handle any actual or apparent conflicts of interest in personal and professional relationships.
- Provide stakeholders with information that is accurate, complete, objective, relevant, timely and understandable.
- Comply with rules and regulations of federal, state, provincial and local governments, and other appropriate private and public regulatory agencies.
- Act in good faith, with due care, competence and diligence, without misrepresenting material facts or allowing one’s independent judgement to be subordinated.
- Respect the confidentiality of information acquired in the course of one’s work except when authorized or otherwise legally obligated to disclose.
- Not use confidential information acquired in the course of one’s work for personal advantage.
- Share knowledge and maintain skills important and relevant to stakeholder’s needs.
- Proactively promote and be an example of ethical behaviour as a responsible partner among peers, in the work environment and the community.
- Achieve responsible use of and control over all assets and resource employed or entrusted.