Corporate Governance

Flamel Technologies S.A. has a firmly established policy of conducting its affairs in compliance with all applicable laws and regulations and observing the highest standards of business ethics.

Integrity, honesty, forthrightness and fairness are of primary importance in all business relationships involving the Company.

Flamel Technologies expects each director, officer and employee (herein referred to as the “Employees”) to deal fairly with the Company’s customers, suppliers and competitors and to perform his or her duties in such a manner as to preserve the Company’s good name and reputation. The Company intends that the spirit, as well as the letter, of these Standards of Business Conduct (PDF file) shall be followed by every employee.

Flamel Technologies has a Standards of Business Conduct applicable to all directors, employees and officers of the Company. The principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions (collectively the “senior financial officers”), are bound by the provisions set forth therein relating to ethical conduct, conflicts of interest and compliance with law. In addition to the Standards of Business Conduct, senior financial officers are subject to additional specific policies summarized in Flamel Technologies Code of Ethics (PDF file).