Sipex Deploys Corporate Governance Compliance System |
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Sipex Corp.
223 S. Hillview Dr.
Miliptas, CA, 95035-1701
USA
Press release date: April 21, 2006
MILPITAS, Calif., April 21 /PRNewswire-FirstCall/ -- Sipex Corporation today announced that it has deployed a corporate governance compliance system. "Sipex is dedicated to the highest standards of business integrity, and over the past year, the Company has continually taken steps to reinforce that commitment," said Clyde R. Wallin, Sipex's Chief Financial Officer. "A system of checks, balances, and personal accountability is vital to protecting Sipex's reputation for integrity, investor confidence, and customer loyalty. Sipex provides its employees with the knowledge and resources necessary to conduct ethical business. The Company has teamed up with Compli to help ensure that all key company policies are understood and appropriately followed. These policies include a Code of Business Conduct and Ethics for both officers and employees and policies for Legal Compliance, Insider Trading, and Records Retention. All employees must read and sign the Company's Code of Business Conduct and Ethics. Sipex also provides its employees with a way to anonymously report, to an independent third party called Listen Up, any activity deemed not appropriate in a business environment. Sipex has zero tolerance for unethical behavior."
The Compli Management Compliance System is a comprehensive web-based compliance management system which provides an organized method for efficiently implementing Sipex policies, educating Sipex employees, tracking results and demonstrating compliance. In addition, the Compli system effectively handles Sipex's governance concerns such as insider trading, whistleblower protection, and CEO/CFO attestation of internal controls in addition to helping Sipex manage, test and demonstrate internal controls required by the Sarbanes-Oxley Act.
About Sipex Corporation
Sipex Corporation is a semiconductor company that designs, manufactures and markets high performance, value-added analog integrated circuits (IC). Sipex serves the broad analog signal processing market with interface, power management and optical storage ICs for use in automotive, portable products, computing, communications, and networking infrastructure markets. The company is headquartered in Milpitas, California with additional offices in Billerica, MA, Belgium; Canada; China; Germany; Japan and Taiwan. Sipex sells products direct and through its distribution channels. For more information about Sipex, visit www.sipex.com.
For additional information, contact: Clyde Ray Wallin, Chief Financial Officer Tel: 408-934-7500 Fax: 408-935-7678 Email: RWallin@sipex.com
Source: Sipex Corporation
CONTACT: Clyde Ray Wallin, Chief Financial Officer of Sipex Corporation, +1-408-934-7500, or fax, +1-408-935-7678, or RWallin@sipex.com
Web site: http://www.sipex.com/
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