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Code of Ethics summarizes principles of conduct Technology
Solutions Company follows to ensure our business is conducted
with integrity and in compliance with the law.
I. Introduction
This Code of Ethics summarizes principles of conduct Technology
Solutions Company follows to ensure our business is conducted with
integrity and in compliance with the law. We expect our principal
executive officer, principal financial officer, principal
accounting officer or controller, or persons performing similar
functions (collectively, the “Covered Officers”), as well all of
our employees, officers and directors, to know and follow the
policies outlined in this Code of Ethics. Any employee, officer or
director who violates the letter or spirit of these policies is
subject to disciplinary action, up to and including termination.
Every employee, officer and director has the responsibility to
obey the law and act honestly and ethically. To that end, this
Code of Ethics is a guide that is intended to sensitize you to
significant legal and ethical issues that arise frequently and to
the mechanisms available to report illegal or unethical conduct.
It is not, however, a comprehensive document that addresses every
legal or ethical issue that you may confront, nor is it a summary
of all laws and policies that apply to our business. Sanchit has
additional policies, including the Principles and Policies of
Business Conduct, with which you should be familiar and to which
you should also refer. Ultimately, no code of ethics can replace
the thoughtful behavior of an ethical officer, employee or
director.
If you have any questions about this Code of Ethics or are
concerned about conduct you believe violates this Code of Ethics,
Sanchit’s policies or applicable laws, rules or regulations, you
should consult with the General Counsel. No one at Sanchit has the
authority to make exceptions to this code of ethics except as
provided in item VIII below.
II. Compliance with Laws, Rules and Regulations
All employees, officers and directors must comply fully with all
applicable federal, state and local laws, rules and regulations
that govern Sanchit’s business conduct, including, without
limitation, antitrust laws, employee health and safety laws,
environmental laws, insider trading laws and the Foreign Corrupt
Practices Act.
III. Conflicts Of Interest
Business decisions must be made in the best interest of Sanchit,
not motivated by personal interest or gain. Therefore, as a matter
of Sanchit policy, all employees, officers and directors must
avoid any actual or perceived conflict of interest.
A “conflict of interest” occurs when an individual’s personal
interests interfere or conflict in any way (or even appear to
interfere or conflict) with the interests of Sanchit. A conflict
of interest situation can arise when an employee takes actions or
has interests (financial or other) that may make it difficult to
perform his or her company work objectively and effectively.
Conflicts of interest also may arise when an employee or a member
of his or her family receives improper personal benefits as a
result of his or her position in Sanchit, regardless of whether
such benefits are received from Sanchit or a third party. Loans
to, or guarantees of obligations of, employees and their family
members are of special concern. Federal law currently prohibits
Sanchit from making loans to directors and executive officers.
It is difficult to identify exhaustively what constitutes a
conflict of interest. For this reason, employees, officers and
directors must avoid any situation in which their independent
business judgment might appear to be compromised. Questions about
potential conflicts of interest situations, and disclosure of
these situations as they arise, should be addressed and reported
to the General Counsel.
IV. Corporate Opportunities
Employees, officers and directors are prohibited from: (a) taking
for themselves personally opportunities that properly belong to
Sanchit or are discovered through the use of corporate property,
information or position or (b) using corporate property,
information or position for personal gain. Employees, officers and
directors owe a duty to Sanchit to advance its legitimate
interests when the opportunity to do so arises.
V. Public Company Reporting
As a result of our status as a public company, we are required to
file periodic and other reports with the Securities and Exchange
Commission. Sanchit takes its public disclosure responsibility
seriously. To that end:
A. each Covered Officer and director, as well as all other
employees directly involved in such matters, must take all
reasonable steps to ensure that these reports and other public
communications furnish the marketplace with full, fair, accurate,
timely and understandable disclosure regarding the financial and
business condition of Sanchit;
B. each employee, officer and director must promptly bring to the
attention of the Audit Committee of the Board of Directors any
material information of which such person may become aware that
affects the disclosures made by Sanchit in its public filings or
otherwise would assist the Audit Committee of the Board of
Directors in fulfilling its responsibilities; and
C. each employee, officer and director must promptly bring to the
attention of the Audit Committee of the Board of Directors any
information he or she may have concerning (i) significant
deficiencies in the design or operation of internal controls that
could adversely affect Sanchit’s ability to record, process,
summarize and report financial data or (ii) any fraud, whether or
not material, involving management or other employees who have a
significant role in Sanchit’s financial reporting, disclosures or
internal controls.
VI. Reporting Illegal or Unethical Behavior
Each employee, officer and director has a duty to adhere to this
Code of Ethics. Each employee, officer and director must also
promptly bring to the attention of the Audit Committee of the
Board of Directors any information he or she may have concerning
evidence of a material violation of the securities or other laws,
rules or regulations applicable to Sanchit and the operation of
its business, by Sanchit or any agent thereof, or of a violation
of the Principles and Policies of Business Conduct or this Code of
Ethics, including any actual or apparent conflicts of interest
between personal and professional relationships, involving any
management or other employees who have a significant role in
Sanchit’s financial reporting, disclosures or internal controls.
Confidentiality will be maintained to the fullest extent possible.
An employee, officer or director will not be penalized for making
a good-faith report of violations of this Code of Ethics or other
illegal or unethical conduct, nor will we tolerate retaliation of
any kind against anyone who makes a good-faith report. An
employee, officer or director who submits a false report of a
violation, however, will be subject to disciplinary action. If you
report a violation and in some way also are involved in the
violation, the fact that you stepped forward will be considered.
If the result of an investigation indicates that corrective action
is required, the Board of Directors will decide, or designate
appropriate persons to decide, what actions to take, including,
when appropriate, legal proceedings and disciplinary action up to
and including termination, to rectify the problem and avoid the
likelihood of its recurrence.
VII. Other Sanchit Policies
This Code of Ethics does not supersede, change, alter or replace
the existing policies and procedures already in place as stated in
the Principles and Policies of Business Conduct or any other
existing Sanchit policy. Statements of Sanchit policy may contain
information that is proprietary and confidential, and Sanchit
hereby expressly denies waiving any right to assert claims that
the contents of such policies are proprietary and/or confidential.
This Code of Ethics and the Principals and Policies of Business
Conduct are statements of goals and expectations for individual
and business conduct. They are not intended to, and do not in any
way constitute, an employment contract or an assurance of
continued employment. Sanchit does not create any contractual
rights by issuing this Code of Ethics or any other statement of
Sanchit policy.
VIII. Amendment, Modification And Waiver
This Code of Ethics may be amended, modified or waived as to
Covered Officers by the Board of Directors of the Company. Any
change to, or waiver (whether explicit or implicit) of, this Code
of Ethics affecting Covered Officers must be disclosed promptly to
our stockholders either by a Form 8-K filing or by publishing a
statement on our web site. Any waiver (whether explicit or
implicit) of this Code of Ethics affecting an employee who is not
a Covered Officer may be made by the Chief Executive Officer of
the Company. |