EXHIBIT 14.1
DALEEN TECHNOLOGIES, INC.
CODE OF ETHICS FOR
PRINCIPAL EXECUTIVE AND FINANCIAL OFFICERS
ADOPTED BY THE BOARD OF DIRECTORS
APRIL 23, 2003
This Code of Ethics has been adopted by the Board of Directors and it
is the policy of Daleen Technologies, Inc. (the "Company") that the Company's
principal executive officer, principal financial officer, principal accounting
officer or controller, or others performing similar functions (the "Principal
Officers") adhere to and advocate the following principles governing their
conduct in the fulfillment of their responsibilities with the Company.
1. HONEST AND ETHICAL CONDUCT
The Principal Officers must conduct themselves honestly and ethically,
and must strive to avoid the appearance of improper behavior in the conduct of
their duties. This code does not cover every issue that may arise, but sets out
basic principles.
CONFLICT OF INTEREST. A Principal Officer must make business
decisions based on the best interest of the Company and must not allow his or
her personal interest to influence such decisions. Principal Officers, or
members of their family, may not accept gifts, favors or money that may
reasonably influence their decisions or performance. Principal Officers must
avoid even the appearance of dishonest or unethical behavior in the conduct of
their duties. Principal Officers should proactively promote the honest and
ethical behavior among subordinates and peers. It is almost always a conflict of
interest for a Principal Officer to work simultaneously with a competitor,
customer or supplier of the Company. Principal Officers are not allowed to work
for a competitor or as a consultant for board members. The best policy is to
avoid any direct or indirect business connection with our customers, suppliers
or competitors, except on the Company's behalf. Conflicts of interest may not
always be clear-cut, and when in doubt, the Company's General Counsel should be
consulted. Any Principal Officer who becomes aware of a conflict or potential
conflict should bring it to the attention of the Company's General Counsel.
CORPORATE OPPORTUNITIES. Principal Officers are prohibited from taking
personal opportunities that are discovered through the use of corporate
property, information or position without the consent of the Board of Directors.
Principal Officers may not use corporate property, information, or position for
improper personal gain, and may not compete with the Company directly or
indirectly.
INSIDER TRADING. All non-public information about the Company should be
considered confidential information. To use non-public information for personal
financial benefit or to "tip" others who might make an investment decision on
the basis of this information is not only unethical but also illegal. Principal
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Officers must also comply with the Company's Insider Trading Policy. The
Company's General Counsel should be consulted if there are any questions.
CONFIDENTIALITY. Principal Officers must take reasonable measures to
maintain the confidentiality of confidential information entrusted to them by
the Company or its customers or suppliers, except when disclosure is authorized
or required by laws or regulations. Confidential information includes all
non-public information that might be of use to competitors, or harmful to the
Company or its customers or suppliers, if disclosed. The obligation to preserve
confidential information continues even after employment ends.
PROTECTION AND PROPER USE OF COMPANY ASSETS. Principal Officers should
protect the Company's assets and ensure their efficient use. All Company assets
should be used for legitimate business purposes.
2. DISCLOSURE IN REPORTS
Each Principal Officer must assist in the Company's efforts to provide
full, fair, accurate, timely, and understandable disclosure in the periodic
reports (collectively, the "Periodic Reports") and other documents that the
Company files with, or submits to, the Securities and Exchange Commission and in
other public communications made by the Company. Principal Officers shall
endeavor in good faith to assist the Company in such efforts, including by
striving to:
o Disclose to the Audit Committee of the Board of Directors any
significant deficiencies in the design or operation of the
Corporation's internal controls impacting the collection and
reporting of financial data and any fraud involving management or
other employees who play a significant role in the Corporation's
internal controls.
o Record and report information in an honest and accurate manner.
Principal Officers must endeavor to ensure that the books, records,
accounts and financial statements of the Company are recorded and
kept in reasonable detail, in a manner that appropriately reflects
the Company's transactions and that conforms to applicable legal
requirements and the Company's system of internal controls.
Unrecorded or "off the books" funds or assets are not to be
maintained by the Company unless permitted by applicable law or
regulation.
o Cooperate with the Company's independent auditors when asked to do
so and refrain from taking any action to improperly influence,
coerce, manipulate or mislead the Company's independent auditors for
the purpose of rendering the Company's financial statements
misleading.
o Help develop and maintain and observe the Company's disclosure
controls and procedures in order to facilitate accurate and timely
filings of Periodic Reports.
Principal Officers should proactively promote appropriate disclosure
among subordinates and peers.
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3. COMPLIANCE WITH LAWS, RULES AND REGULATIONS
Each Principal Officer must comply with the laws, rules and regulations
(collectively, the "Rules") of the cities, states and countries and private and
public regulatory agencies that are applicable to his or her conduct as a
Principal Officer of the Company, which includes but is not limited to the
preparation of Periodic Reports. The Principal Officers are not expected to know
every detail of these Rules, but they are expected to know enough to determine
when to seek advice from the Company's independent auditor, internal legal staff
or outside legal counsel. A Principal Officer must comply with all stated
policies of the Company applicable to him or her.
4. REPORTING OF ILLEGAL OR UNETHICAL BEHAVIOR
The Principal Officers are encouraged to consult with the Company's
General Counsel about observed illegal or unethical behavior and when in doubt
about the best course of action in a particular situation. Principal Officers
must promptly report any possible violation of this code to the Company's
General Counsel and the Chairman of the Audit Committee of the Board of
Directors. Principal Officers must fully cooperate in any internal investigation
of alleged misconduct.
5. ACCOUNTABILITY
This code is a policy of the Company. Each Principal Officer will be
held accountable for any violation of this code by the Board of Directors or a
committee appointed by the Board of Directors for such purpose, which could
include being relieved of his or her duties or termination of employment.
6. WAIVERS OR AMENDMENT OF THE CODE
Any waiver or Amendment of this code may be made only by the Board of
Directors of the Company, or a Board Committee, and will be promptly disclosed
as required by applicable law or regulation.
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