Senior Financial Officers hold an important and elevated role in corporate governance, and as a result, are held to additional standards above and beyond the Company's Code of Ethics which applies to all employees. As part of the Corporate Leadership Team, these individuals are vested with both the responsibility and authority to protect, balance, and preserve the interests of all of our stakeholders: shareholders, customers, employees, and the communities we serve. Senior Financial Officers fulfill this responsibility by prescribing and enforcing the policies and procedures necessary to operate the Company's finance division, and by demonstrating the following:
Senior Financial Officers will exhibit and promote the highest standards of honest and ethical conduct through the establishment and operation of policies and procedures that:
Senior Financial Officers will establish and manage the Company's transaction and reporting systems and procedures to ensure that:
Senior Financial Officers will establish and maintain mechanisms to:
For the purposes of this Code of Ethics, The First Bancorp's Senior Financial Officers shall include, but not necessarily be limited to its:
Should any irregularities or breaches of this Code of Ethics be observed by any Senior Financial Officer, they are duly bound to report these to the Company's Audit Committee.
Adopted by the Board of Directors, The First Bancorp, Inc. 19 June 2003.