Corporate Opportunity Doctrine

I. Purpose

The Corporate Opportunity Doctrine generally precludes employees from diverting to themselves opportunities which by right belong to the Company. Employees owe a duty to the Company to advance its legitimate interests when the opportunity to do so arises.

II. Policy

Employees are prohibited from

  • taking for themselves personally opportunities that are discovered through the use of corporate property, information or position;
  • using corporate property, information, or position for personal gain; and
  • competing with the Company, without the express consent of the Company.

III. Procedure

Any employee that has questions about opportunities that may be in violation of this policy or is aware of a possible violation should use the reporting system or contact the Compliance Committee or Legal Department.



Last updated 26 Jan 2005


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