Code of Ethics

As part of the Company's obligations to its shareholder's and specifically in light of Sarbane-Oxley legislation, its requirements under various sections and the various new rules instituted by the SEC, the Company is continually reviewing it's internal control policies and procedures. As part of this process, the Company has adopted a Code of Ethics that has been signed and accepted by all Directors and Officers of the Company. Additionally, a disclosure Committee has also been created in order to control and discuss all dissemination of information. The Company is committed to this process and continues to review its policies and procedures to ensure its compliance with all applicable rules, regulations and laws.

EDAP TMS CODE OF ETHICS

As an employee of EDAP TMS S.A and its Subsidiaries (the « Company »), I will adhere to the following principles and responsibilities, as well as the Company's other legal and compliance policies and procedures:

  • Act with honesty and integrity, avoiding actual or apparent conflicts of interest involving personal and professional relationships;
  • Provide other officials and constituents of the Company with information that is full, fair, accurate, complete, objective, timely and understandable;
  • Comply, to the best of my knowledge, with rules and regulations of governmental entities as well as other private or public regulatory agencies to which the Company is subject;
  • Act at all time in good faith, responsibly, with due care, competence and diligence, and without any misrepresentation of material facts;
  • Act objectively, without allowing my independent judgment to be subordinated;
  • Respect the confidentiality of Company information, except when authorized or otherwise required to make any disclosure, and avoid the use of any Company information for personal advantage;
  • Share my knowledge and skills with others to improve the Company's communication to its constituents;
  • Promote ethical behavior among employees under my supervision at the Company; and
  • Achieve responsible use of and control over all assets and resources of the Company entrusted to me.
  • Report violations of the Code to the Chief Executive Officer promptly if there are reasonable and objective reasons to believe this Code has been violated.