Sample Business Contracts

Code of Conduct (Business Ethics Policy of Qiao Xing Universal Telephone Inc.
and its subsidiaries)

1.

Qiao Xing Universal Telephone Inc. and its subsidiaries believe that honesty, integrity and fairplay are important company assets in business. It is therefore important for all of you to ensure that the Company’s reputation is not tarnished by dishonesty, disloyalty or corruption. The following guidelines set out the standards of behavior expected and explain how you should respond to different situations in business dealings:

SOLICITING, ACCEPTING AND OFFERING ADVANTAGES Soliciting Advantages

2.

It is the policy of Qiao Xing Universal Telephone, Inc. and its subsidiaries to prohibit employees to solicit any advantage from clients, contractors, suppliers or any person in connection with company business. The term “advantage” is defined here to include gift, loan, fee, reward, office, employment, contract, service and favor.

Accepting Advantages

3.

If the acceptance of an advantage could affect your objectivity or induce you to act against the Company’s interests, you should decline to accept. Similarly, if acceptance could lead to questions or complaints of bias or impropriety, the offer should also be declined.

4. Where an advantage is voluntarily given, you could consider accepting only if:-

	a)		the acceptance will not influence your performance;
	b)		you will not feel obliged to do something in return for the offeror;
	c)		you are able to openly discuss the acceptance without reservation; and
	d)		the nature (e.g. advertising or promotional gift, customary gift or lucky money given during festive occasions) and the value (e.g. not exceeding US$20) of the advantage are such that refusal could be seen as unsociable or impolite.

Offering Advantages

5.

Under no circumstance should an employee offer advantages or bribes to any person or company, private or public, for the purpose of obtaining or retaining business, or to influence them in relation to contracts, tenders and auctions.

CONFLICT OF INTEREST

6.

Conflict of interest situations arise when the personal interests of an employee compete or conflict with the interests of the Company. You should avoid such situations, actual or potential, which may compromise your integrity and put the Company’s interests and reputation at stake. You must declare to the Company and financial interest, direct or indirect, which you or members of your immediate family may have, in any business or other organization which competes with the Company or with which the Company has business dealings.

 

Outside Employment/Investment

7.

Employee should refrain from engaging in outside employment, business, investments or activities that might conflict with Company interests. If you wish to take concurrent employment, either regular or on a consulting basis, you must seek the prior written approval before accepting the employment.

Entertainment/Loans/Gambling

8.		Although entertainment is an acceptable form of business and social behavior, you should turn down invitations to meals or entertainment that are excessive in nature or frequently, so as to avoid embarrassment or loss of objectivity when conducting Company business.
9.		You or your immediate family should not grant or guarantee a loan to, or accept a loan from or through the assistance of any individual or organization having dealing with the Company. There is, however, no restriction on normal bank lendings.

 

		Review of Company Code of Conduct
		16. This Code of Conduct will be reviewed and updated from time to time.