830 R.I. Code R. 830-RICR-00-00-4.9

Current through December 3, 2024
Section 830-RICR-00-00-4.9 - Code of Ethics and Professional Behavior
A. All Bank employees shall be subject to the provisions of R.I. Gen. Laws Chapter 36-14 and all regulations promulgated by the Rhode Island Ethics Commission, and any special provision of this section.
B. It is the policy of the Bank that public officials and employees must adhere to the highest standard of ethical conduct, respect the public trust and the rights of all persons, be open, accountable and responsive, avoid the appearance of impropriety, and not use their positions for private gain or advantage.
C. All Bank employees involved in procurement are required:
1. To consider, first, the interests of the Bank in all transactions.
2. To support and carry out the Bank's policies;
3. To buy without prejudice;
4. To avoid any conflict of interest with respect to procurement, or the appearance thereof;
5. To obtain the maximum ultimate value for each dollar of expenditure;
6. To subscribe to and work for honesty and truth in buying and selling, and to denounce all forms and manifestations of commercial bribery;
7. To respect obligations and to require that obligations to the Bank be respected, consistent with good business practice.
8. Under no circumstances shall confidential information be made available to other vendors.
9. Personnel are prohibited from engaging in any conduct which may tend to cause any existing or prospective supplier of goods or services to believe that its relationship with the Bank will be affected by his purchasing or failing to purchase goods or services from any representative of the state.
10. It shall be the obligation of all Bank employees to avoid conflicts of interest with respect to procurement, and to report promptly to the Chief Purchasing Officer all instances where a conflict exists or is suspected to exist.

830 R.I. Code R. 830-RICR-00-00-4.9