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Corporate Governance

 

 

Giving Laughs Inc. Code Of Ethics

The Board of Directors of Giving Laughs Inc. (with its subsidiaries, the “Company”) has adopted this Code of Ethics (this “Code”) to:

  • encourage honest and ethical conduct, including fair dealing and the ethical handling of conflicts of interest;

  • encourage full, fair, accurate, timely and understandable disclosure;

  • encourage compliance with applicable laws and governmental rules and regulations;

  • ensure the protection of the Company's legitimate business interests, including corporate opportunities, assets and confidential information; and

  • deter wrongdoing.

All directors, officers, employees, and volunteers of the Company are expected to be familiar with the Code and to adhere to those principles and procedures set forth in the Code.

 

Honest and Ethical Conduct

Each director, officer, employee, or volunteer owes a duty to the Company to act with integrity. Integrity requires, among other things, being honest and ethical. This includes the ethical handling of actual or apparent conflicts of interest between personal and professional relationships. Deceit and subordination of principle are inconsistent with integrity.

Each director, officer and employee must:

  • Act with integrity, including being honest and ethical while still maintaining the confidentiality of information where required or consistent with the Company's policies.

  • Observe both the form and spirit of laws and governmental rules and regulations and accounting standards.

  • Adhere to a high standard of business ethics.

  • Accept no improper or undisclosed material personal benefits from third parties as a result of any transaction or transactions of the Company.

  • Act in the best interests of, and fulfill his or her fiduciary obligations to, Giving Laughs Inc.

  • Act honestly, fairly, ethically and with integrity;

  • Conduct themselves in a professional, courteous and respectful manner;

  • Comply with all applicable laws, rules and regulations;

  • Act in a manner to enhance and maintain the reputation of Giving Laughs Inc.

  • Disclose potential conflicts of interest that the Trustee may have regarding any matters that may come before the Board, and abstain from voting on any matter in which the Trustee has or may have a conflict of interest; Make available to and share with fellow members information as may be appropriate to ensure proper conduct and sound operation of Giving Laughs Inc. and its Board members; Respect the confidentiality of information relating to the affairs of Giving Laughs Inc. acquired in the course of their service as directors, officers, employees, and volunteers except when authorized or legally required to disclose such information; and Not use confidential information acquired in the course of service as Trustee for his or her personal advantage.

  • Notwithstanding the foregoing, a Trustee shall not be liable to any third party for damages resulting from the exercise of his or her judgment or discretion in connection with the duties or responsibilities of such Trustee, except as provided under Arkansas State Law.

 

 

Concerns

Any directors, officers, employees, or volunteers who have concerns regarding compliance with this Code should raise those concerns with the Chairman of the Board or the President, who will determine what
action shall be taken to deal with the concern.
Each Trustee will annually sign a confirmation that he or she has read and will comply
with this Code.
Adopted by the Board of Giving Laughs Inc.
as of October 1st, 2014

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