HR Code of Ethics Policy Update

Product Update Notification

Human Resources Code of Ethics Policy Update - 11/15/05

Bankpolicies.com is proud to announce the immediate availability of our revised Human Resources Code of Ethics Policy Template product.

This product was revised in response to the FDIC's FIL105-2005 "Corporate Codes of Conduct - Guidance On Implementing an Effective Ethics Program" released on 10/24/05. This guidance reminds financial institutions of the importance of written standards to promote honest and ethical conduct, compliance with applicable rules and regulations, and accountability in adhering to a corporate code of conduct or ethics policy.

http://www.fdic.gov/news/news/financial/2005/fil10505a.html

What's Revised

Topic 2 - General Policies. The "General" subtopic section was expanded to include additional basic code of conduct standards.

A reference was made that officers and employees must sign a "Human Resources Code of Ethics Compliance Certificate" (included with the purchase of this product) as a condition of employment.

The "Employee and Contractor Background Check Requirements" subtopic was added to briefly address this subject and make reference to a financial institution's Human Resources General Policy (this subject is covered in detail as Topic 3 "Criminal Background Check Procedures" in our Human Resources Policy Template Product).

Topic 3 - Responsibility as an Investor-Owned Corporation. The "Integrity of Accounting and Records" subtopic was revised to add a few additional sentences based upon the new guidance.

Topic 4 - Personal Conduct. The "Self Dealing" subtopic was expanded to include addition restrictions and a reference to the Federal Bank Bribery Law.

Topic 6 - Confidential Information. The "Protecting Bank Information" subtopic was revised to specifically refer to the adherence of the Gramm-Leach-Bliley Act (GLBA), in addition to a financial institution's Regulation P and Information Systems Security Policies.

Topic 8 - Obeying Laws and Regulations. This "General" subtopic was revised to specifically reference adherence to the various applicable regulations that relate to a financial institution's Code of Ethics Policy.

What's New

Topic 19 - Audit Policy. A financial institution's requirement to monitor its internal controls against self serving practices and conflicts of interest was added.

Topic 20 - Staff Training. A financial institution's requirement to periodically train its personnel on the directives of its Code of Ethics Policy was added.

Topic 21 - Retention of Documents. A financial institution's code of ethics document retention requirement statement was added.

Includes the following form template:

Human Resources Code of Ethics Compliance Certificate - (2 pages)*

*Replaces the previous version of this form.

Ordering Information

This revised product is available to purchase from Bankpolicies.com for:

$175.00 - List Price

- or -

$50.00* - Update Price

*Applies only to clients who have purchased our Human Resources Code of Ethics Policy Template, including the purchase of the following prior update (if applicable):

Human Resources Code of Ethics Policy Template Update - 09/06/05

If you have ordered this product within the past 30 days since 11/15/05 you are eligible to receive the Product Update at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the upgrade or list price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.

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