Summary by Futu AI
Quantum Computing Inc. announced on September 25, 2024, that its Board of Directors approved amendments to the company's Code of Ethics, effective October 1, 2024. The changes primarily focus on strengthening conflict of interest provisions and clarifying waiver procedures for executive officers and directors.Key amendments include expanding the definition of prohibited "Gifts" to cover "any person that does or seeks to do business with the Company," while allowing exceptions for customary business practices and personal relationships. The revised Code also specifies that waivers for executive officers or directors can only be authorized by the Board or a designated committee, and all waivers must be publicly disclosed in compliance with SEC rules and relevant stock exchange regulations.The amended Code of Ethics will be available on Quantum Computing's website from October 1, 2024. These changes reflect the company's commitment to maintaining high ethical standards and transparency in its corporate governance practices.
