Wrongful Conduct
means the breach or violation by the Director of the Company’s Standards of Business Conduct, Corporate Governance Guidelines or Directors’ Code of Business Conduct and Ethics (each as amended from time to time, and including any successor or replacement policy or standard).
Wrongful Conduct
means fraud, gross negligence or intentional misconduct.
Wrongful Conduct
shall have the meaning set forth in Section 4(c) hereof.
Examples of Wrongful Conduct in a sentence
Complaints of Reprisal Individuals who have been subjected to an adverse academic or employment action based on his or her Good Faith Report of alleged Wrongful Conduct may contest the action by filing a written complaint of reprisal with the Office of the General Counsel, Human Resources, or the Vice President for Academic Affairs/Provost.
Making Disclosures If the University has existing policies and procedures for maintaining standards of conduct and disclosing Wrongful Conduct, those policies should be followed to disclose such Wrongful Conduct.University policies should be used to report any wrongful conduct covered by those policies.
Unless the complainant believes the responsible office may be involved, other instances of Wrongful Conduct should be reported to the University or campus office responsible for the policy area (e.g., NCAA violations should be reported to the Athletics Compliance Office and sexual harassment should be reported to the Department of Human Resources).
Good Faith Report" is defined in this policy to be an allegation of Wrongful Conduct made by an individual who believes that Wrongful Conduct may have occurred.
If the complainant believes the responsible office may be involved in the Wrongful Conduct, the complainant shall make the report directly to the next higher level of management and/or the Office of Internal Audit.
More Definitions of Wrongful Conduct
Wrongful Conduct
means any action whereby a Participant:
Wrongful Conduct
meanss any activity covered under the scope of this Whistle Blower Policy, violation of law, infringement of Company’s rules, misappropriation of monies, actual or suspected fraud, substantial and specific danger to public health and safety or abuse of authority.
Wrongful Conduct
means acts, errors, or omissions in the performance of professional services by any owners or employees of a limited liability entity while they were affiliated with that entity.
Wrongful Conduct
means unlawful or unethical or improper practice or act or activity and may include, but is not limited to, any of the following:
Wrongful Conduct
means, with respect to any Participant, such Participant:
Wrongful Conduct
means any actual or alleged act, error or omission committed solely in the performance of, or failure to perform Professional Services.
Wrongful Conduct
used herein shall be defined as any and all acts or conduct by Manager which: (1) is willful, wanton, intentional, knowing, reckless, or grossly negligent misconduct; (2) constitutes self dealing and/or gives rise to improper profit on the part of Manager in breach of fiduciary duty or duty of loyalty that Manager owes to Owner hereunder; or (3) in nature, violates any state or federal criminal law unless Manager reasonably believes, at the time of such act or conduct, that such act or conduct will not violate the same, or has no reasonable cause to believe the conduct unlawful. In the event of any third party claim against Manager, Manager shall give Owner notice of any third party claims against Manager and Owner may, at its option, take over the defense of such claim at its own expense.
Given the context provided, it seems like you're delving into corporate governance, ethical standards, and reporting mechanisms regarding wrongful conduct within a company or organizational setting. This involves a range of concepts:
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Standards of Business Conduct, Corporate Governance Guidelines, and Directors’ Code of Business Conduct and Ethics: These are the defined principles and guidelines that directors and employees within an organization must adhere to in their conduct, ensuring ethical and legal compliance.
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Wrongful Conduct: This term encapsulates various behaviors or actions that deviate from the established standards, including fraud, gross negligence, intentional misconduct, unlawful or unethical practices, self-dealing, breach of fiduciary duty, or violations of state or federal laws.
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Reporting Mechanisms: Companies or institutions typically have protocols in place to report instances of wrongful conduct. These procedures often involve designated offices or individuals to whom such conduct can be reported, ensuring confidentiality and protection for those reporting in good faith.
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Good Faith Reporting: Refers to allegations of wrongful conduct made by individuals who genuinely believe that such conduct has occurred. The policies usually protect whistleblowers acting in good faith from reprisal or adverse actions.
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Whistleblower Policy: This policy defines and safeguards the process by which employees or stakeholders can report wrongful conduct or unethical practices within an organization without fear of retaliation.
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Internal Audit and Compliance Offices: These are internal departments or units responsible for ensuring adherence to established standards, investigating reported incidents of misconduct, and maintaining compliance with laws and regulations.
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Fiduciary Duty: This term signifies the legal obligation of an individual, typically a director or manager, to act in the best interest of the organization and its stakeholders, often involving trust, loyalty, and due diligence.
Understanding these concepts is vital for ensuring transparency, ethical behavior, and legal compliance within organizations. It also facilitates the creation and implementation of effective policies to address and prevent wrongful conduct while safeguarding those who report such behaviors in good faith.
