Code of Ethical Practices

SEIU Local 668 CODE OF ETHICAL PRACTICES
Adopted December 11, 2004

SECTION 1. This Code of Ethical Practices shall be applicable to SEIU Local 668.

SECTION 2. All officers and managerial employees of Local 668, whether elected, appointed or hired, have a trust and high fiduciary duty to honestly and faithfully serve the best interests of the membership.

SECTION 3. No officer or managerial employee of Local 668 shall have an ownership or other substantial financial interest which conflicts with his/her fiduciary duty. In particular, it shall not be permissible for any officer or managerial employee to:

(a) have an ownership or substantial financial interest in any firm that engages in collective bargaining with Local 668; or

(b) have an ownership or substantial financial interest in any firm which does business or seeks to do business with Local 668; or

(c) be the sole or effective decision-maker concerning Local 668’s relations with a firm in which his/her parent, spouse, spousal equivalent or dependent child of that relationship, grandparent, grandchild, brother, sister, first or second cousin, mother-in-law, father-in-law, sister-in-law, brother-in-law, daughter-in-law, step-parent, step-sibling, foster parent, foster child, or business partner has an ownership or a substantial financial interest; or

(d) engage in any self-dealing transactions with Local 668, such as buying property from, or selling property to SEIU, without the informed approval of the Secretary-Treasurer obtained after full disclosure, including an independent appraisal of the fair market value of the property to be bought or sold. The Secretary-Treasurer will report any such sales to SWEB.

(e) For purposes of these rules, a “substantial interest” is one which either contributes significantly to the individual’s financial well-being or which enables the individual to affect or influence the course of the business entity’s decision making. A “substantial interest” does not include stock in a purchase plan, profit-sharing plan or ESOP.

SECTION 4. No officer or managerial employee of Local 668 shall accept any non-de minimis personal payment or gift from any employer that engages in collective bargaining with Local 668 or from any business or professional firm that does business or seeks to do business with Local 668, other than regular pay and benefits for work performed, except as may be otherwise permitted under the terms of applicable federal law.

SECTION 5. No officer or managerial employee of Local 668 shall convert or divert any funds or other property belonging to SEIU Local 668 to such individual’s personal use or advantage.

SECTION 6. No officer or managerial employee of Local 668 shall receive compensation of any kind from a fund established for the provision of health, welfare, or retirement benefits for serving as an employee representative or labor-designated trustee on such employee benefit fund or plan, except for reimbursement of reasonable expense properly and actually incurred, provided uniformly to such representatives or trustees. It is not a violation of this provision for an officer or managerial employee who is not a full-time employee of the SEIU or of an affiliate to be a lawfully paid employee of a retirement, health or welfare fund, as long as such employment is consistent with applicable legal restrictions.

SECTION 7. No person shall serve as an officer or managerial employee of Local 668 who has been convicted of any felony involving the infliction of grievous bodily injury or any felony involving abuse or misuse of such person’s position or employment in a labor organization or employee benefit plan to seek or obtain an illegal gain at the expense of the members or the beneficiaries of the employee benefit plan, except for the limited exceptions as may be set forth in applicable federal law.

SECTION 8. This Code is not intended to preclude officers or employees of Local 668 from owning publicly traded shares of any employer that SEIU or an affiliates seeks to organize or that does business with or that engages in collective bargaining with SEIU or its affiliates, through a mutual fund or other similar investment vehicle, provided that all transactions affecting such interests are consistent with rates and terms established by the open market. Further this Code does not apply to investments held in a blind trust.

SECTION 9. Any allegation that this Code has been violated should be brought to the attention of the President or Secretary-Treasurer, who shall refer the matter to the Local 668 Legal Counsel for appropriate further action or investigation.