Procedures for the Submission of Complaints or Concerns Regarding Financial Statement or other Disclosures, Accounting, Internal Accounting or Disclosure Controls, or Auditing Matters
In recognition of its responsibilities under the Federal Deposit Insurance Corporation Improvement Act (FDICIA), Subtitle E, Section 251(a) – Whistleblower Protections and Section 36 – Early Identification of Needed Improvement in Financial Management, the Board of CNB Corporation, the parent company of The Conway National Bank, sets forth the following policy:
The Audit Committee of the Board of Directors has established procedures for: (a) the receipt, retention, and treatment of complaints received by the Corporation regarding accounting, internal accounting controls, or auditing matters; and (b) the submission by employees of the Corporation and others, on a confidential and anonymous basis, of good faith concerns regarding questionable accounting or auditing matters.
In accordance with the requirements under FDICIA and this policy as approved by the Board of Directors, the Audit Committee of the Board of Directors adopts the following procedures:
a) Any employee of the Corporation may submit, on a confidential, anonymous basis, if the employee so desires, any good faith concerns regarding financial statement or other disclosure, accounting, internal accounting or disclosure controls, or auditing matter. All such concerns shall be set forth in writing and forwarded to the Bank's most senior officer of internal audit, Renee L. Larrimore, Assistant Vice President - Senior Auditor, or the Chairman of the Audit Committee, William O. Marsh, in a sealed envelope labeled with a legend such as "Confidential." All such correspondence may be forwarded to Post Office Box 320, Conway, SC 29528-0320.
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This policy and procedures, as appropriate, is applicable to the subsidiary of CNB Corporation – The Conway National Bank.