other
confidence high
sentiment neutral
materiality 0.10
Farmers and Merchants Bancshares amends Code of Ethics; gifts threshold raised to $100
Farmers & Merchants Bancshares, Inc.
- Board approved amended Code of Ethics shifting to concise, principle-based format with compliance focus.
- Nominal value threshold for gifts increased from $50 to $100; simplified standards.
- New anti-retaliation protections for good-faith reporting; annual acknowledgment required.
- Expanded policies on data protection, insider trading, and external employment disclosure.
- Removed prescriptive detail; replaced with principles and management oversight.