MILPITAS, Calif., April 21 /PRNewswire-FirstCall/ -- Sipex Corporation
(OTC: SIPX.PK) 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 http://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
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Related links:
http://www.sipex.com/
http://www.prnewswire.com/comp/111683.html/
CONTACT:
Clyde Ray Wallin, Chief Financial Officer of
Sipex Corporation, +1-408-934-7500, or fax, +1-408-935-7678, or
RWallin@sipex.com
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