|Code of Business Conduct|
Code of Business Conduct for Ruckus Wireless, Inc.
Adopted by the Board of Directors on July 20, 2012.
Our Mission and Core Values
Our mission is to redefine what is possible in wireless network performance with flexibility, reliability and affordability. We strive to be a pioneer in the wireless infrastructure market, enabling carriers and enterprises to stay ahead of the exploding demand for high-bandwidth applications and services. We operate on the basis of responsiveness, openness, honesty and trust with our customers, business partners, employees and stockholders. Our employees are encouraged to demand excellence, take intelligent risks, and to "act like an owner." These core values are shared regularly with employees on a worldwide basis, and this open communication in an environment of trust guides our decision-making.
This Code of Business Conduct flows directly from our commitment to our mission and core values. We constantly aim for excellence and to provide value for both our customers and stockholders, and it is critical that we do so with integrity and high ethical standards. It is unacceptable to cut legal or ethical corners for the benefit of Ruckus or for personal benefit.
This code is intended to deter wrongdoing as well as the appearance of wrongdoing. Doing the right thing is more important than winning while risking our reputation or the trust of our customers, partners and stockholders.
This code is designed to ensure:
To whom does the code apply?
The code applies to all of us: the directors, executives, employees and independent contractors of Ruckus Wireless, Inc. and its subsidiaries. In addition to our own compliance, all of us must ensure that those that we manage, and those that we hire to work on our behalf, comply with this policy.
Honest and Ethical Conduct
Consistent with our core values, Ruckus personnel must act and perform their duties ethically, honestly and with integrity - doing the right thing even when "no one is looking." We tell partners, customers, investors and the public the truth about our company. We commit to only what we can do and we deliver on our commitments. No winks. No nods.
Conflicts of Interest
A conflict of interest may exist where the interests or benefits of one person or entity conflict or appear to conflict with the interests or benefits of Ruckus. Your decisions and actions related to Ruckus should be based on the best interests of Ruckus and not based on personal relationships or benefits, either for yourself or for others. Ruckus personnel must never use or attempt to use their position with Ruckus to obtain improper personal benefits.
A conflict of interest may arise in many situations. We cannot list them all in this policy of course. However, some examples include:
Evaluating whether a conflict of interest exists can be difficult and may involve a number of considerations. We encourage you to seek guidance from your manager and the human resources or legal departments when you have any questions or doubts.
If you are aware of an actual or potential conflict of interest, or are concerned that a conflict might develop, please discuss with your manager and then obtain approval from our Chief Compliance Officer (Scott Maples, Vice President Legal and General Counsel) before engaging in that activity or accepting something of value.
We will abide by the securities laws that govern conflicts of interest by our executive officers and directors. As a result, the actions or relationships that will be considered conflicts with respect to our executive officers and directors are only those that meet the requirement for disclosure in our periodic filings with the SEC pursuant to Item 404 of Regulation S-K, referred to as related party transactions. Such related party transactions must be approved by the Audit Committee as required by applicable laws and regulations, and provided such approval is obtained in advance and such transactions are publicly disclosed, such approval shall not be deemed a waiver of this Code.
Ruckus strives to comply with all applicable laws and regulations. It is your personal responsibility to adhere to the standards and restrictions imposed by those laws and regulations, including those relating to financial and accounting matters. The same applies to policies we adopt, such as this one. Even if conduct complies with the letter of the law or our policies, we must avoid conduct that will have an adverse impact on the trust and confidence of our customers, partners or investors.
For example, regardless of local practices or actions by competitors, you must never directly or indirectly make a payment (cash or any other items of value) to a foreign official or government employee to obtain or retain business for Ruckus, or to acquire any improper advantage. You must fully comply with all anti-corruption laws of the countries in which we do business, including the U.S. Foreign Corrupt Practices Act, which applies globally. For more information about the rules governing gifts to foreign officials, please reference our Anti-Corruption Policy.
Accurate Financial and Accounting Disclosures
Our principal executive officer, principal financial officer and people who perform similar functions are our "senior financial officers" and are responsible for ensuring that disclosures in our periodic reports and other public communications are full, fair, accurate, timely and understandable.
This code is a statement of certain fundamental principles, policies and procedures that govern Ruckus personnel in the conduct of our business. Reported violations of this code will be investigated and appropriate action taken. Any violation of this code, including fraudulent reports, may result in disciplinary action. That disciplinary action may include termination of employment and legal proceedings if warranted.
If you have a concern regarding conduct that you believe to be a violation of a law, regulation or Ruckus policy, or you are aware of questionable legal, financial or accounting matters, or simply are unsure whether a situation violates any applicable law, regulation or Ruckus policy, please:
We expect our employees to do their best to comply with this policy. It is important that you stay vigilant to ensure there are no violations of this policy by anyone. Do not stay silent in the face of a potential violation. If you have knowledge of a potential violation and fail to report it via the process set forth above, you too may be subject to disciplinary action under this code.
No Retaliation. And we mean none.
Ruckus will not retaliate against any individual for filing a good-faith concern regarding non-compliance with this policy. Ruckus will not retaliate against any individual participating in the investigation of any such complaint either. Finally, Ruckus will not permit any such retaliation by any manager or executive officer, or by any company with which we contract. Period.
Waivers of this Code
Any amendment or waiver of any provision of this Code of Conduct must be approved in writing by the Board or, if appropriate, its delegate(s) and promptly disclosed pursuant to applicable laws and regulations. Any waiver or modification of the code for a senior financial officer will be promptly disclosed to stockholders if and as required by applicable law or the rules of the applicable stock exchange.
We are committed to continuously reviewing and updating our policies. We therefore may amend this code at any time and for any reason. We welcome your comments about this policy as well. Contact your manager or our Chief Compliance Officer with any such comments.