LAKE FOREST CHAMBER OF COMMERCE CODE OF BUSINESS CONDUCT & ETHICS ARTICLE I SHARED RESPONSIBILITIES The Lake Forest Chamber of Commerce has set as a standard that all members conduct their business with integrity. Board members are to be accountable for their actions and are accountable to the Board and to the membership at large. This Code of Business Conduct & Ethics has been developed to provide a guide and reference point to assist its membership in their efforts to meet the business needs of the community. In all instances the Chamber’s Bylaws and Articles of incorporation supersede any contradiction or inconsistency that may exist between the two documents. ARTICLE II CONDUCT & BUSINESS PRACTICES Business should be conducted with fundamental honesty and integrity. All business dealings are required to comply with all local, State and Federal laws and the Chamber’s Bylaws and Articles of Incorporation as they apply to individual membership and business operations. Board members are required to treat fellow Board Members, chamber members, staff, vendors, and customers with respect, dignity, honesty and fairness. Members are expected to follow the same guidelines. It is the Chamber’s policy that threatening, insubordinate, violent or obscene behavior by any board member or staff member will not be tolerated. This also applies to Member to Member, Member to Board, Member to Vendor and in all instances Member or Board dealings with the consumer. Any conduct on the part of a Board Member, staff member of individual business that encourages or permits an offensive or hostile environment will not be tolerated. Prohibited conduct includes but is not limited to derogatory remarks, discriminatory slurs, disparaging remarks or comments toward or between Board Members, chamber members, or chamber staff. Board members are expected to communicate with candor and respect, listening to each other regardless of level or position. Courtesy and respect is our guideline in all correspondence and communications. SPEAKING FOR THE CHAMBER No member or board member is permitted to represent the Chamber, verbally or in writing, at any time without prior approval of the Board of Directors. Membership communications are to be handled by Board of Directors. The Chamber President, or designated committee chairperson may act on the behalf of the Board with prior Board approval. All public announcements including presentations shall be scheduled by the Board of Directors. Legislative positions, if permitted by the Bylaws and Articles of Incorporation, and news media releases shall be determined by the Board of Directors and shall only be released by the President of the Chamber or by his or her designated committee chairperson with prior approval having been received by the Board of Directors. Employee verifications and release of employee information, regarding present and former employees, shall be considered Board responsibility and shall be handled by the President of the Board or his or her designee only after prior approval has been received from the Board of Directors. ARTICLE III BOARD MEMBER CONFLICTS OF INTEREST A conflict of interest exists any time a Board Member’s actions with regard to the Chamber is or appears to be divided by an outside interest. A conflict of interest may be avoided if you disclose it before taking an action in which your judgment may be compromised or questioned. A Board Member shall remove himself/herself from the room during discussion and voting on any and all discussions regarding a subject or matter that the board member is directly involved in. A board member may not participate in any Chamber votes or decisions regarding companies where that board member serves as a director, manager or employee. ARTICLE IV VENDOR SELECTION Vendor selection shall follow a request for bid procedure. Vendors are to be selected on the basis of objective criteria stated within a request for bid which shall be evaluated on value (quality for price), best or lowest price, technical capability, service reputation, production/service capacity, and prior performance. Vendor bids and all related information shall be considered confidential. Disclosure even within the Chamber shall be limited to those with a “need to know” basis as determined by the Board of Directors. ARTICLE IV CONCLUSION This Code of Conduct and Ethics applies all members the Board of Directors and all Chamber staff. Violations of the Chamber’s Code of Conduct and Ethics, or Bylaws and Articles of Incorporation may result in loss of membership, immediate removal from the Board of Directors or immediate termination of Chamber staff. Accepted By: _________________________________________ Board of Directors _____1/20/2010__________ Date