Agenda - Council - 11/13/2012 - Laserfiche WebLink

Home

PROPOSAL FOR BANKING SERVICE Tab 2: Independence of Proposer A. Describe any business, investment or family relationships with the City, City officials, appointed employees or department heads. MAMBA/EST Chris Randall's father, Gerald Randall, is a partner in the law firm Randall & Goodrich, with the city attorney, William Goodrich. This partnership also banks with Bank of the West. B. Describe any formal independence guidelines used by your institution. Policy: Conflict of Interest Revised: September 11, 2011 Our reputation for honesty and integrity is the sum of the personal reputations of every Bank of the West team member. You should manage your personal and business affairs to avoid situations that might lead to an actual, potential or perceived conflict between self-interest and responsibility to customers, the community or Bank of the West. A conflict of interest arises in situations where personal activities or outside interests may directly or indirectly influence judgment in carrying out your responsibilities for Bank of the West. The appearance of a conflict of interest may be just as damaging to our reputation as a real conflict. While we depend on you to be the primary judge of your own conduct, this policy and these guidelines have been developed with the intention of providing you with uniform guideposts that help prevent conflicts which could result in reputational, regulatory or legal risk for Bank of the West, team members or customers. It is our policy that team members (including accounts or legal entities in which you control or hold 20% or more of the capital or the voting right) will not engage, directly or indirectly, in any activity, outside interest, financial relationship or investment that conflicts with Bank of the West's interests, competes with Bank of the West, or interferes with your Bank of the West responsibilities, whether or not there is any personal financial or other gain to the team member. Additionally, team members and their immediate families (defined as spouse, domestic partner, child, parent, grandparent, grandchild, sibling, and step and in-law relations of same, and any other person dependent upon a team member or living in their home for more than a year) should avoid entering into relationships, transactions or situations where it may appear that they are improperly benefiting from their relationship with Bank of the West or which are in violation of laws governing fiduciary relationships. You should avoid using Bank of the West's name in any manner, which may imply our endorsement of any outside activity or product. You should also avoid discussing and/or communicating the affairs of Bank of the West with anyone, including through Internet social media sites unless there is a legitimate business reason for that person to know. 5IPage