BBNC Code of Ethics Code of Ethics_Light_final_joomag 2 | Page 15

CONFLICTS OF INTEREST Conflicts of interest arise when the personal interests of an employee influence, or appear to influence, that employee’s judgment or ability to act in BBNC’s best interest. While you are at work, your time and loyalty should be dedicated to BBNC. Any outside activities, such as a second job or self-employment, must be kept entirely separate from your employment with BBNC. Any activities or personal financial interest that could adversely affect the independence or objectivity of your judgment should be disclosed and avoided. Be careful of outside business interests that may present a personal conflict of interest or the appearance of shared loyalties. These situations may directly involve the employee or the employee’s family members. Generally, any arrangement of this nature should be avoided. In all circumstances, the employee must disclose the actual or potential conflict to his or her supervisor. In some instances, a conflict of interest should be reported to the BBNC Compliance Department for additional guidance. It is always best to avoid even the appearance of a conflict of interest. If you have questions whether an action would create a conflict of interest ask for guidance. Disclosure and transparency are integral to our culture of integrity, even if action turns out not to be a conflict. Your Responsibilities Remember, your behavior reflects on BBNC. Refrain from personal conduct that might reflect adversely on BBNC’s image and reputation. Do not conduct corporate business with a significant other, spouse or relative unless it is disclosed to your supervisor. Supervisors are advised to escalate conflict disclosures. While working for BBNC you may not work for any other business that competes with, or interferes with, the duties or responsibilities that you have to BBNC. Land is the gift of our ancestors and the guarantee of our right to continue our subsistence lifestyle. Land is the heart of our culture. Without land, we are nothing. – Harvey Samuelsen, 1926-2004 13