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Corporate Code of Ethics > Part III - Company Info
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PART III - COMPANY INFORMATION & PROPERTY
Protection of Proprietary and Sensitive Information
Company information is among our most valued assets. The majority of the information LifeCell owns is original in nature; its protection is essential to our continued success. Such protected information encompasses research, production, marketing, sales, legal, and financial information that we develop, purchase, license, or receive from others. This includes information in any format (written, electronic, visual or oral), and should be safeguarded by all employees during and after employment with LifeCell. Employees should take every practical measure possible to preserve the Company’s confidential information and intellectual property.
Under no circumstances are Team Members to disclose or provide confidential information to any third party, or to accept confidential information from any third party without the express consent of a member of Senior Management. This includes, but is not limited to, any confidential LifeCell documents relating to donors, research study subjects, research investigators, research results, customers, competitors, suppliers, employees, former employees, job applicants, or any other persons. This provision is in addition to any requirements in the LifeCell Team Member Handbook and any agreement respecting confidential information between LifeCell and any Team Member.
Insider Information
It is the policy of LifeCell that all employees or agents will comply fully with all laws regarding insider trading as referenced in the Insider Trading Agreement each employee signed when hired. It is also our responsibility to maintain the confidentiality of all non-public Company information that may influence the purchase, sale, or transfer of Company stock by any person or entity. This responsibility extends to non-public information regarding our suppliers and business partners. To protect yourself and the Company, consider as confidential any information that has not been disclosed via Company press release or other federally mandated disclosure documents. Anyone with information regarding unlawful, prohibited, or questionable activities of LifeCell Corporation, its employees, agents, associates, business partners, suppliers, or competitors is encouraged to bring the matter to the attention of the Chief Financial Officer.
Public Relations
All contacts with outside entities, including, but not limited to, the news media, securities analysts, investors, attorneys, and/or government officials, must be made through the Chief Financial Officer. If a member of the press, a government official, or a member of the legal or investment communities asks you about Company activities, do not attempt to provide an answer. Never comment on, confirm, or deny anything relating to Company business. Obtain the name of the person making the inquiry and immediately inform the Chief Financial Officer.
Business Records
LifeCell is committed to keeping accurate business records of all aspects of its operations. All employees are responsible for correctly and truthfully preparing manual and electronic records. Falsification or improper alteration of any information contained in any LifeCell business record is not in compliance with the conduct expected at LifeCell. In order to comply with good business practices and legal requirements, we must retain our records for various lengths of time. Therefore, the creation, maintenance, and destruction of business records will be done only in accordance with the Company's record retention policy/procedures (refer to SOP on Records Retention).
Financial Reporting and Records
In addition to the guidelines described in the previous Business Records section, all financial and tax records and reports must fully disclose the nature of all business transactions, as well as accurately account for all Company revenues, expenses, assets, and liabilities. The Company maintains a system of internal controls designed to ensure our ability to record, process, summarize, and report financial data in accordance with generally accepted accounting principles and the statutes and regulations promulgated by regulatory authorities, including the Securities and Exchange Commission and the Internal Revenue Service. Such internal controls are also designed to safeguard LifeCell’s assets. Any questions regarding the recording and/or reporting of financial information should be directed to the Company’s Controller or Chief Financial Officer.
Assets of LifeCell
Team Members have a duty to protect and conserve LifeCell’s property and to ensure its use for proper purposes. Team Members of LifeCell are to take care and responsibility (within reason) to safeguard the property of LifeCell. However, at no time is a Team Member to put his/her person at risk to safeguard LifeCell property.
LifeCell’s property includes, but is not limited to:
- all physical property of LifeCell, whether leased or owned by LifeCell
- all records of the accounts of customers, and any other records and books in possession of LifeCell
- all marketing studies, advertising, or promotional materials; customer lists; logs, reports or any other forms or surveys that are in LifeCell’s possession
- all proprietary software
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