II. BASIC STANDARDS OF ETHICAL CONDUCT AT FREDDIE MAC
Most of the specific standards in the Code are based on the following fundamental principles of ethical conduct that must guide Directors when fulfilling their Freddie Mac duties:
- Act at all times in accordance with this Code of Conduct and Corporate Policies and Procedures expressly applicable to Outside Directors.
- Act at all times with integrity, and at all times deal fairly and honestly with Freddie Mac, your fellow Directors, Freddie Mac’s employees and others with whom you interact in performing your Freddie Mac duties.
- Act at all times in good faith, with due care, competence and diligence, and without misrepresenting facts or circumstances.
- Comply at all time with all laws, regulations and other legal requirements that apply to your Freddie Mac duties.
- Act at all times in Freddie Mac’s business interests, without allowing your independent judgment to be subordinated to other interests, and do not use your directorship with Freddie Mac for private gain (other than your Freddie Mac director fees and benefits).
- When performing your Freddie Mac duties, do not engage in conduct that creates the appearance of impropriety, even if you believe that such conduct is not improper.
Do not try to evade the provisions of this Code by asking a relative, a friend, or any other person to do something that the Code prohibits you from doing personally.