Whistle Blower Policy

Code of Conduct

Parents Television Council, Inc., requires its directors, officers, and employees to observe high standards of business and personal ethics in the conduct of their duties and responsibilities. As employees and representatives of the PTC, we must practice honesty and integrity in fulfilling our responsibilities and comply with all applicable laws and regulations.

Reporting Responsibility

It is the responsibility of all directors, officers, and employees to report suspected malfeasance or fraud and violations or suspected violations of PTC’s Code of Conduct in accordance with this Whistle Blower Policy.

No Retaliation

No director, officer, or employee who in good faith reports a violation of the Code or of suspected malfeasance or fraud shall suffer harassment, retaliation, or adverse employment consequences. An employee who retaliates against someone who has reported a violation in good faith is subject to discipline up to and including termination of employment. This Whistle Blower Policy is intended to encourage and enable employees and others to raise serious concerns within the Organization prior to seeking resolution outside the Organization.

Reporting Violations

Employees are encouraged to share their questions, concerns, suggestions, or complaints with someone who can address them properly. In most cases, an employee’s supervisor is in the best position to address an area of concern. However, if you are not comfortable speaking with your supervisor or you are not satisfied with your supervisor’s response, you are encouraged to speak with someone in management whom you are comfortable in approaching. If you are not comfortable in approaching management about suspected violations of the Code of Conduct, of if your concern involves suspected malfeasance or fraud, individuals should contact PTC’s General Counsel.

General Counsel

PTC’s General Counsel is responsible for investigating and resolving all reported complaints and allegations concerning violations of the Code, malfeasance and fraud. PTC’s General Counsel has direct access to the Chairman or PTC’s Board of Directors and the Chairman of the Board’s Audit Committee and he is required to report to the Audit Committee at least annually on compliance activity.

Christopher T. Craig
Cook, Craig & Francuzenko, PLLC
3050 Chain Bridge Road, Suite 200
Fairfax, Virginia 22030
703-865-7480 - phone
703-403-4860 - cell
703-434-3510 - facsimile
ctcraig@cookcraig.com

Accounting and Auditing Matters

The Audit Committee of the Board of Directors addresses all reported concerns or complaints regarding corporate accounting practices, internal controls, or auditing. PTC’s General Counsel notifies the Audit Committee of any such complaint and works with the Committee until the matter is resolved.

Acting in Good Faith

Anyone filing a complaint concerning suspected malfeasance or fraud or a violation or suspected violation of PTC’s Code of Conduct must act in good faith and have reasonable grounds for believing the truth and Accuracy of the information disclosed. Any allegations that prove not to be substantiated and which prove to have been made maliciously or knowingly to be false will be viewed as a serious disciplinary offense.

Confidentiality

Violations or suspected violations may be submitted on a confidential basis by the complainant or may be submitted anonymously. The identity of those who report violations or suspected violations, consistent with the need to conduct an adequate investigation.

Handling of Reported Violations

PTC’s General Counsel will notify the sender and acknowledge receipt of the reported violation or suspected violation within five business days. All reports will be properly investigated and appropriate corrective action will be taken if warranted by the investigation.