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

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PROPOSAL FOR BANKING SERVICE BANDNEWEST A team member may not have a financial interest in another bank, savings and loan association, finance company or any other institution that competes with Bank of the West. Outside Business Interests or Activities You must disclose to Bank of the West any management ownership or positions held in outside businesses. The operation or ownership of an outside business by a team member involving lending, investing or any other service also rendered by Bank of the West is considered a conflict of interest and is against our policy. Outside Directorships You must disclose to Bank of the West any current or potential outside directorship or other significant function (whether paid or unpaid and whether in an industrial, commercial, educational or not -for -profit organization) so we may determine whether a conflict of interest exists. You must receive prior written approval from the Human Resources Compliance Manager before continuing or accepting outside directorships. In serving as a director of an outside organization, you must not make or approve loans to that organization or represent Bank of the West in any other transactions with that organization. A team member may not become a director of another bank, savings and loan association, finance company or any other institution that competes with Bank of the West. Interest in the Enterprise of a Customer or Supplier Team members (including accounts and legal entities which they control or hold an interest) and their immediate families must refrain from taking a personal interest of -any kind in a transaction carried out by Bank of the West, whether with a customer or supplier or for its own account, or carried out by a customer or supplier, unless they have prior written authorization from Bank of the West. Similarly, unless written disclosure is provided to and approved by Bank of the West, it is against our policy for a team member, or any member of their immediate family, to hold any direct or indirect financial interest in the business of a Bank of the West customer or supplier, or in any enterprise to which financing or other products/services are, or may be, extended or offered by Bank of the West. "Interest" as used in this section does not include an interest in a company whose shares are publicly traded, or an interest in a family owned business. Outside Employment and Compensation Bank of the West discourages outside employment, but it may be allowed if it does not interfere, compete or conflict with Bank of the West's interests. You must obtain prior written approval from your manager and the Human Resources Compliance Manager before accepting outside employment by completing a "Conflict of Interest Form." Even if such approval is given, team members are expected to devote their full and best efforts to Bank of the West during all working hours. 7IPage