[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR651.4]



[Page 309]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 651_FEDERAL AGRICULTURAL MORTGAGE CORPORATION GOVERNANCE

--Table of Contents

 

Sec. 651.4  Director, officer, employee, and agent responsibilities.



    (a) Each director, officer, employee, and agent of the Corporation 

shall:

    (1) Conduct the business of the Corporation following high standards 

of honesty, integrity, impartiality, loyalty, and care, consistent with 

applicable law and regulation in furtherance of the Corporation's public 

purpose;

    (2) Adhere to the requirements of the conflict-of-interest policy 

established by the Corporation and provide any information the 

Corporation deems necessary to discharge its responsibilities under this 

subpart.

    (b) Directors, officers, employees, and agents of the Corporation 

shall be subject to the penalties of part C of title V of the Farm 

Credit Act of 1971, as amended, for violations of this regulation, 

including failure to adhere to the conflict-of-interest policy 

established by the Corporation.