- Obey all applicable laws and regulations.
- Be fair and honest in all business activities and
- Avoid conflicts of interest.
- Support diversity and foster an atmosphere of
respect and equal opportunity for all employees.
- Strive to create a safe and healthy environment
for employees and customers.
- Record all transactions accurately and timely and
safeguard company assets.
Key Compliance Policies
- Improper Payments
- Working with Governments
- Competition Laws
- Conflicts of Interest
- Insider Trading
- Environment, Health and Safety
- Intellectual Property
- Fair Employment Practices
Employees must not offer anything of value to obtain any improper advantage in
selling goods or services, conducting financial transactions or representing
the company's interests to governmental authorities.
- Never offer or give anything of value (such as
money, goods or a service) to a customer to obtain any improper advantage.
- Never offer or give anything of value to a
government official or employee.
- Never contribute company funds or other company
assets for political purposes without the approval of the CEO and the
- Reimbursing employees for political contributions
Working with Governments
Central Parking is committed to conducting business with all governmental
representatives with the highest ethical standards and in compliance with
applicable laws and regulations.
- Abide by all applicable laws and regulations,
particularly special requirements for government contracts and
- Follow the company's improper payments policy.
- Be truthful and accurate when dealing with
government officials and agencies.
Conflicts of Interest
Employees must avoid conflicts of interest between work and personal affairs.
- Disclose any outside activities, interests or
relationships that may present a possible conflict of interest.
- Disclosures must be in writing and to your
- Do not misuse company resources (including office
equipment, e-mail and computer applications).
- Do not accept gifts or favors of greater than
nominal value from suppliers, customers or competitors.
- Do not direct business to a supplier that is
owned or managed by a relative or close friend unless your relationship is
fully disclosed to your supervisor and it is in the best interest of the
CPC is committed to complying with the anti-trust and competition laws in all
of its activities.
- Do not propose or enter into any agreements or
understandings-expressed or implied, written or oral-with any competitor.
- Do not discuss with competitors:
- Terms or conditions of
- Costs, profits or profit
- Market share
- Coordination of bidding
- Dividing territories or
customers or allocating markets
- Memorialize all conversations with competitors
and confirm no anti-competitive activities.
As a public company, CPC and its employees are subject to the insider trading
laws and regulations. Employees are expected to avoid even the appearance of
violating insider-trading laws.
- Never purchase or sell CPC stock while in
possession of material inside information.
- Information is material if it would be important
to an investor (i.e., earnings, major contracts, acquisitions, etc.)
- Never disclose inside information to anyone
outside the company (including family members).
- Refer all media, analyst, broker and other
outside inquiries to Corporate Communications.
Environment, Health and Safety
CPC is committed to achieving environmental, health and safety (EHS)
excellence. CPC will strive to provide a safe and healthy working environment
and avoid adverse impact and injury to the environment.
- Comply with all OSHA and all other relevant EHS
laws and regulations.
- Implement CPC safety program and comply with the
company's EHS policies.
- Create and maintain a safe working environment
and prevent workplace injuries.
- Respond promptly to concerns about safety issues.
Employees are expected to take steps to safeguard the company's intellectual
property - trade secrets, client /customer information, trademarks, copyrights
and other proprietary information, and to respect the intellectual property
rights of others.
- Identify and protect proprietary information
- Restrict access on a need to
- Ensure managers have signed
appropriate agreements protecting proprietary information.
- Respect valid patents, trademarks, copyrighted
materials and other protected intellectual property rights.
- Consult company legal counsel before
- Soliciting, accepting or using
proprietary information of others.
- Signing confidentiality
agreements, licenses or other agreements designed to protect intellectual
Fair Employment Practices
Central Parking is committed to fair employment practices, including the
prohibition against all forms of illegal discrimination. By embracing diversity
and providing equal access and fair treatment to all employees on the basis of
merit, we improve Central Parking's success while enhancing the progress of
- Do not discriminate in employment-related
decisions on the basis of race, color, religion, national origin, sex
(including pregnancy), sexual orientation, age, disability, veteran status
or other characteristics protected by law.
- Use merit qualifications (for example: education,
experience, competencies, job performance, etc.) and other job-related
criteria for all employment-related decisions.
- Maintain the integrity of the appraisal process
and follow the company's progressive discipline policy.
- Treat all employees with dignity and
respect-avoid all forms of harassment.
- Comply with all wage and hour laws and
Controllership comprises three elements: (1) compliance with applicable laws,
regulations and company policies; (2) rigorous business processes to ensure
sound business decisions and proper safeguarding of company assets; (3)
integrity in communications to ensure timely and accurate reporting of
- Follow the company's accounting procedures as
well as all generally accepted accounting principles, standards, laws and
regulations for accounting and financial reporting of transactions.
- Maintain complete, accurate and timely records
and accounts to reflect all business transactions.
- Safeguard all company assets, including physical
and financial assets, intellectual property and other proprietary
- Use economic, risk-based data to make business
- Provide timely, candid forecasts and assessments
- Maintain sound processes and controls.