Attached files
file | filename |
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10-K - FORM 10-K - FRIEDMAN INDUSTRIES INC | h82893e10vk.htm |
EX-31.2 - EX-31.2 - FRIEDMAN INDUSTRIES INC | h82893exv31w2.htm |
EX-32.2 - EX-32.2 - FRIEDMAN INDUSTRIES INC | h82893exv32w2.htm |
EX-31.1 - EX-31.1 - FRIEDMAN INDUSTRIES INC | h82893exv31w1.htm |
EX-13.1 - EX-13.1 - FRIEDMAN INDUSTRIES INC | h82893exv13w1.htm |
EX-32.1 - EX-32.1 - FRIEDMAN INDUSTRIES INC | h82893exv32w1.htm |
EX-21.1 - EX-21.1 - FRIEDMAN INDUSTRIES INC | h82893exv21w1.htm |
EXHIBIT 14.1
FRIEDMAN
INDUSTRIES, INCORPORATED
CODE OF CONDUCT AND ETHICS
It is the policy of Friedman Industries, Incorporated (the
Company) to endeavor to conduct business with the
highest standards of honesty and integrity and in compliance
with all applicable laws. In view thereof, the Companys
Board of Directors has adopted this Code of Conduct and Ethics
(the Code).
In addition to other Company policies, all Company employees,
directors and officers are expected to:
| Carry out their duties honestly and with the highest degree of integrity. | |
| Avoid actual or apparent conflicts of interest between personal and professional relationships. | |
| Report promptly any transaction or relationship that could compromise ones ability to (i) adhere fully to the Code, other Company policies or applicable laws or (ii) make business decisions without regard to personal gain or benefit. | |
| Seek, at all times, to provide information to Company officials and its outside professionals (e.g. accountants, counsel, insurance providers, etc.) that is accurate, relevant, complete, objective, timely and understandable, and encourage others within the Company to do the same. | |
| Use reasonable efforts to assure full, fair, accurate, timely and understandable disclosure of information related to the Companys business and financial operations in Company reports and documents filed with the Securities and Exchange Commission (SEC) or the American Stock Exchange (AMEX) or in other public communications made by the Company. | |
| Use reasonable efforts to cause the Company to comply fully with the letter and spirit of all laws, rules and regulations applicable to the Company or its business. | |
| Promptly report to the Audit Committee of the Board of Directors (the Audit Committee) (i) any weakness or deficiency in the design or operation of the Companys internal controls or (ii) any fraud involving Company management or other employees having significant roles in the Companys operations, financial reporting, disclosures or internal controls. |
The Board of Directors is responsible for applying and
interpreting the Code. Any questions relating to how the Code
should be interpreted or applied should be addressed to a
supervisor, the Chief Executive Officer, the President or the
Senior Vice President-Finance. Any employee, officer or director
who becomes aware of any existing or potential violation of
laws, rules, regulations or the Code should promptly notify the
Chief Executive Officer, the President, the Senior Vice
President-Finance or the Chairman of the Audit Committee.
Reports may be made orally or in writing and may be made
anonymously and will be kept confidential to the extent
permitted. Written reports should be sent to the attention of
the Chief Executive Officer, the President or the Senior Vice
President-Finance, at P.O. Box 21147, Houston, Texas 77226.
In addition, reports may be made to the Chairman of the Audit
Committee by calling (713) 622-7000 or sent to Three Greenway
Plaza, Suite 1750, Houston, TX 77046.
Failure to notify the Chief Executive Officer, the President,
the Senior Vice President Finance or the Chairman of
the Audit Committee of any violation or potential violation is
in itself a violation of the Code. To encourage employees to
report any violations, the Company will not allow retaliation
for reports made hereunder in good faith. In addition, the
Company may not retaliate against any employee for providing
information or assisting in the investigation of any law
enforcement agency, regulatory agency or other governmental body
relating to the Company.
Observance of the provisions of the code is of extreme
importance to the Company. A violation of the Code will be
regarded as a serious offense and may constitute grounds for
disciplinary action, including, but not limited to, demotion,
suspension (with or without pay), discharge, or, in the case of
directors, removal from the Board of Directors and legal
proceedings.
From time to time, the Company may waive some provisions of the
Code. Any employee, officer or director who believes that a
waiver may be called for should contact the Senior Vice
President Finance. Any waiver of the Code for
directors and executive officers of the Company must be approved
by the Companys Board of Directors and will be promptly
reported in such manner as may be required by the SEC or AMEX.