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CONFLICT OF INTEREST AND BUSINESS ETHICS

It is Panacea Life Sciences’ policy that all employees avoid any conflict between their personal interests and those of the company. The purpose of this policy is to ensure that the company’s honesty and integrity, and therefore its reputation, are not compromised. The fundamental principle guiding this policy is that no employee should have, or appear to have, personal interests or relationships that actually or potentially conflict with the best interests of the company.

It is not possible to give an exhaustive list of situations that might involve violations of this policy. However, the situations that would constitute a conflict in most cases include but are not limited to:

  1. holding an interest in or accepting free or discounted goods from any organization that does, or is seeking to do, business with the company, by any employee who can directly or indirectly influence either the company’s decision to do business, or the terms upon which business would be done with such organization;
  2. holding any interest in an organization that competes with the company;
  3. being employed by (including as a consultant) or serving on the board of any organization which does, or is seeking to do, business with the company or which competes with the company; and/or
  4. profiting personally, e.g., through commissions, loans, expense reimbursements or other payments, from any organization seeking to do business with the company.

A conflict of interest would also exist when a member of the employee’s immediate family is involved in situations such as those above.

This policy is not intended to prohibit the acceptance of modest courtesies, openly given, and accepted as part of the usual business amenities, for example, occasional business-related meals or promotional items of nominal or minor value.

It is the employee’s responsibility to report any actual or potential conflict that may exist between the employee (and the employee’s immediate family) and the company.

If you have questions or concerns about this code of ethics, the practices of this site, or if you are interested in using any of the content of this site, please contact us at:
Email: [email protected]
Mailing: Panacea Life Sciences
16194 W. 45th Drive
Golden CO 80403