The Board of Directors (the "Board") of Sinclair Broadcast Group, Inc. (together with its subsidiaries, the "Corporation") has adopted the following Code of Business Conduct and Ethics (the "Code") for directors and employees of the Corporation. This Code is intended to identify the ethical duties and responsibilities of directors and employees, provide guidance and assist them with ethical issues, provide mechanisms to report unethical conduct, and foster a culture of honesty and accountability. Each director and employee must comply with the letter and spirit of this Code.
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A. Conflict of interests
It is the policy of the Corporation to prohibit its directors and employees from engaging in any activity or practice in conflict with the interests of the Corporation. All directors and employees must avoid conflicts between their personal interests and the interests of the Corporation in dealing with fellow employees, other organizations, clients, or individuals seeking to do business with the Corporation. Situations should be avoided where it would be reasonable for an objective observer to believe that the judgment or loyalty of the director or employee may be compromised by his or her own, or an immediate family member's (spouse, parent, child, sibling or domestic partner) external relationship. Conflicts of interests can take many forms, not all of which can be detailed in this Code.
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The Corporation prohibits any director or employee from accepting or agreeing to accept from any entity, other than the Corporation, any money, service, or other valuable consideration in return for, or in connection with, the broadcast of any matter over the station.
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B. Corporate Opportunities
Directors and employees are prohibited from: (a) taking for themselves personally opportunities related to the Corporation's business; (b) using the Corporation's property, information, or position for personal gain; or (c) competing with the Corporation for business opportunities, provided however, if the Corporation determines not to pursue a business opportunity, directors and employees may do so with the consent of the general manager of the station at which such employee is employed or, in the case of a corporate employee or a director, from the Corporation's Executive Vice President/Chief Financial Officer. The Chief Executive Officer and Executive Vice President/Chief Financial Officer must obtain authorization to pursue such opportunities from the Board of Directors.
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