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As Of Filer Filing For·On·As Docs:Size Issuer Agent 10/25/05 Cascade Energy, Inc. 10QSB 8/31/05 15:1.1M Newsfile Corp/FA |
Document/Exhibit Description Pages Size
1: 10QSB Quarterly Report for the Period Ended August 31, HTML 282K
2005
2: EX-3.3 Articles of Amendment HTML 7K
7: EX-10.10 Secured Debenture Dated June 15, 2005 HTML 29K
8: EX-10.11 Secured Debenture Dated June 15, 2005 HTML 29K
9: EX-10.12 Secured Debenture Dated June 15, 2005 HTML 29K
10: EX-10.13 Investor Relations Agreement Dated June 1, 2005 HTML 34K
3: EX-10.4 Farmout Proposal Dated July 22, 2005 HTML 123K
4: EX-10.5 Amendment to Farmout Proposal Dated October 17, HTML 13K
2005
5: EX-10.8 Acquisition Proposal Dated June 15, 2005 HTML 32K
6: EX-10.9 Mutual Release Dated October 3, 2005 HTML 7K
11: EX-14.1 Code of Business Conduct and Ethics HTML 28K
12: EX-31.1 Section 302 Certification HTML 11K
13: EX-31.2 Section 302 Certification HTML 11K
14: EX-32.1 Section 906 Certification HTML 9K
15: EX-32.2 Section 906 Certification HTML 9K
| Cascade Energy, Inc. - Exhibit 14.1 |
CASCADE ENERGY, INC.
(the “Company”)
CODE OF ETHICS AND BUSINESS CONDUCT
FOR THE SENIOR
EXECUTIVE OFFICER AND
SENIOR FINANCIAL OFFICERS
(the
“Code”)
This Code applies to the Chief Executive Officer, President, Secretary, Chief Financial Officer, Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer, Controller and persons performing similar functions within the Company (the “Senior Officers”). This Code covers a wide range of business practices and procedures. It does not cover every issue that may arise, but it sets out basic principles to guide all Senior Officers of the Company. All Senior Officers should conduct themselves accordingly and seek to avoid the appearance of improper behaviour in any way relating to the Company.
Any Senior Officer who has any questions about the Code should consult with the Chief Executive Officer, the Company’s board of directors (the “Board”) or the Company’s audit committee (the “Audit Committee”).
The Company has adopted the Code for the purpose of promoting:
HONEST AND ETHICAL CONDUCT
Each Senior Officer owes a duty to the Company to act with integrity. Integrity requires, among other things, being honest and candid. Senior Officers must adhere to a high standard of business ethics and are expected to make decisions and take actions based on the best interests of the Company, as a whole, and not based on personal relationships or benefits. Generally, a “conflict of interest” occurs when a Senior Officer’s personal interest is, or appears to be, inconsistent with, interferes with or is opposed to the best interests of the Company or gives the appearance of impropriety.
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Business decisions and actions must be made in the best interests of the Company and should not be influenced by personal considerations or relationships. Relationships with the Company’s stakeholders - for example suppliers, competitors and customers - should not in any way affect a Senior Officer’s responsibility and accountability to the Company. Conflicts of interest can arise when a Senior Officer or a member of his or her family receives improper gifts, entertainment or benefits as a result of his or her position in the Company.
Specifically, each Senior Officer must:
| 1. | act with integrity, including being honest and candid while still maintaining the confidentiality of information when required or consistent with the Company’s policies; |
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| 2. | avoid violations of the Code, including actual or apparent conflicts of interest with the Company in personal and professional relationships; |
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| 3. | disclose to the Board or the Audit Committee any material transaction or relationship that could reasonably be expected to give rise to a breach of the Code, including actual or apparent conflicts of interest with the Company; |
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| 4. | obtain approval from the Board or Audit Committee before making any decisions or taking any action that could reasonably be expected to involve or result in a conflict of interest or the appearance of a conflict of interest; |
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| 5. | observe both the form and spirit of laws and governmental rules and regulations, accounting standards and Company policies; |
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| 6. | maintain a high standard of accuracy and completeness in the Company’s financial records; |
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| 7. | ensure full, fair, timely, accurate and understandable disclosure in the Company’s periodic reports filed from time-to-time with the SEC; |
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| 8. | report any violations of the Code to the Board or Audit Committee; |
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| 9. | proactively promote ethical behaviour among peers in his or her work environment; and |
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| 10. | maintain the skills appropriate and necessary for the performance of his or her duties. |
DISCLOSURE OF COMPANY INFORMATION
As a result of the Company’s status as a public company, it is required to file periodic and other reports with the SEC. The Company takes its public disclosure responsibility seriously and desire to ensure that these reports furnish the marketplace with full, fair, accurate, timely and understandable disclosure regarding the financial and business condition of the Company. All disclosures contained in reports and documents filed with or submitted to the SEC, or other
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government agencies on behalf of the Company or contained in other public communications made by the Company must be complete and correct in all material respects and understandable to the intended recipient.
The Senior Officers, in relation to their area of responsibility, must be committed to providing timely, consistent and accurate information in compliance with all legal and regulatory requirements. It is imperative that this disclosure be accomplished consistently during both good times and bad and that all parties in the marketplace have equal or similar access to this information.
All of the Company’s books, records, accounts and financial statements must be maintained in reasonable detail, must appropriately reflect the Company’s transactions, and must conform both to applicable legal requirements and to the Company’s system of internal controls. Unrecorded or “off the book” funds, assets or liabilities should not be maintained unless permitted by applicable law or regulation. Senior Officers involved in the preparation of the Company’s financial statements must prepare those statements in accordance with generally accepted accounting principles, consistently applied, and any other applicable accounting standards and rules so that the financial statements materially, fairly and completely reflect the business transactions and financial statements and related condition of the Company. Further, it is important that financial statements and related disclosures be free of material errors.
Specifically, each Senior Officer must:
| 1. | familiarize himself or herself with the disclosure requirements generally applicable to the Company; |
|
| 2. | not knowingly misrepresent, or cause others to misrepresent, facts about the Company to others, including the Company’s independent auditors, governmental regulators, self-regulating organizations and other governmental officials; |
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| 3. | to the extent that he or she participates in the creation of the Company’s books and records, promote the accuracy, fairness and timeliness of those records; and |
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| 4. | in relation to his or her area of responsibility, properly review and critically analyse proposed disclosure for accuracy and completeness. |
CONFIDENTIAL INFORMATION
Senior Officers, directors and employees must maintain the confidentiality of confidential information entrusted to them by the Company of its customers, suppliers, joint venture partners, or others with whom the Company is considering a business or other transaction except when disclosure is authorized by an executive officer or required or mandated by laws or regulations. Confidential information includes all non-public information that might be useful or helpful to competitors or harmful to the Company or its customers or suppliers, if disclosed. It also includes information that suppliers, customers and other parties have entrusted to the Company. The obligation to preserve confidential information continues even after employment ends.
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Records containing personal data about employees or private information about customers and their employees are confidential. They are to be carefully safeguarded, kept current, relevant and accurate. They should be disclosed only to authorized personnel or as required by law.
All inquiries regarding the Company from non-employees, such as financial analysts and journalists, should be directed to the Board or the Audit Committee. The Company's policy is to cooperate with every reasonable request of government investigators for information. At the same time, the Company is entitled to all of the safeguards provided by law for the benefit of persons under investigation or accused of wrongdoing, including legal representation. If a representative of any government or government agency seeks an interview or requests access to data or documents for the purposes of an investigation, the Senior Officer should refer the representative to the Board or the Audit Committee. Senior Officers also should preserve all materials, including documents and e-mails that might relate to any pending or reasonably possible investigation.
COMPLIANCE WITH LAWS
The Senior Officers must respect and obey all applicable foreign, federal, state and local laws, rules and regulations applicable to the business and operations of the Company.
Senior Officers who have access to, or knowledge of, material nonpublic information from or about the Company are prohibited from buying, selling or otherwise trading in the Company's stock or other securities. "Material nonpublic" information includes any information, positive or negative, that has not yet been made available or disclosed to the public and that might be of significance to an investor, as part of the total mix of information, in deciding whether to buy or sell stock or other securities.
Senior Officers also are prohibited from giving "tips" on material nonpublic information, that is directly or indirectly disclosing such information to any other person, including family members, other relatives and friends, so that they may trade in the Company's stock or other securities.
Furthermore, if, during the course of a Senior Officer’s service with the Company, he or she acquires material nonpublic information about another company, such as one of our customers or suppliers, or you learn that the Company is planning a major transaction with another company (such as an acquisition), the Senior Officer is restricted from trading in the securities of the other company.
REPORTING ACTUAL AND POTENTIAL VIOLATIONS OF THE CODE AND ACCOUNTABILITY FOR COMPLIANCE WITH THE CODE
The Company, through the Board or the Audit Committee, is responsible for applying this Code to specific situations in which questions may arise and has the authority to interpret this Code in any particular situation. This Code is not intended to provide a comprehensive guideline for Senior Officers in relation to their business activities with the Company. Any Senior Officer may seek clarification on the application of this Code from the Board or the Audit Committee.
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Each Senior Officer must:
| 1. | notify the Company of any existing or potential violation of this Code, and failure to do so is itself a breach of the Code; and |
|
| 2. | not retaliate, directly or indirectly, or encourage others to do so, against any employee or Senior Officer for reports, made in good faith, of any misconduct or violations of the Code solely because that employee or Senior Officer raised a legitimate ethical issue. |
The Board or the Audit Committee will take all action it considers appropriate to investigate any breach of the Code reported to it. All Senior Officers, directors and employees are required to cooperate fully with any such investigations and to provide truthful and accurate information. If the Board or the Audit Committee determines that a breach has occurred, it will take or authorize disciplinary or preventative action as it deems appropriate, after consultation with the Company’s counsel if warranted, up to and including termination of employment. Where appropriate, the Company will not limit itself to disciplinary action but may pursue legal action against the offending Senior Officer involved. In some cases, the Company may have a legal or ethical obligation to call violations to the attention of appropriate enforcement authorities.
Compliance with the Code may be monitored by audits performed by the Board, Audit Committee, the Company’s counsel and/or by the Company’s outside auditors. All Senior Officers, directors and employees are required to cooperate fully with any such audits and to provide truthful and accurate information.
Any waiver of this Code for any Senior Officer or director may be given only by the Board or the Audit Committee and will be promptly disclosed to stockholders and others, as required by applicable law. The Company must disclose changes to and waivers of the requirements imposed by the Code in accordance with applicable law.