Approval and Authorization Policy

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The following policy outlines a set of procedures for approval and authorization requirements necessary to commit company funds or assets.

According to this sample, appropriate authorization must be obtained prior to ordering goods and services and in no event will payment be made prior to receiving proper authorization. All employees must be aware of and adhere to their approval authorization limits, Either the president or the chief financial officer may approve exceptions to this policy, but not beyond the limits of their authority. This policy also addresses related party transactions, as well as compliance with the Foreign Corrupt Practices Act (FCPA).

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