Code of Conduct

Code Of Conduct

The Pay Power Loan Code of Business Conduct promotes and ensures a responsible and ethical work environment for all Employees and Directors. The Code includes a Confidential Hotline available to all employees to anonymously report suspected Code violations.

Corporate Governance and Nominating Committee

The Corporate Governance and Nominating Committee’s mandate is to assist the Board of Directors in establishing and maintaining a sound system of corporate governance through a process of continuing assessment and enhancement. The Committee is responsible for:

Examining the effectiveness of the Corporation’s corporate governance practices and proposing such procedures and policies as the Committee believes are appropriate to ensure that:
i. The Board clearly functions independently of management,
ii. Management is clearly accountable to the Board of Directors of the Corporation, and
iii. Procedures are in place to monitor the effectiveness of performance of the Board, Committees of the Board and individual Directors;
Providing an appropriate orientation program for new Directors such that all new Directors fully understand the role of the Board and its Committees as well as the contribution individual Directors are expected to make (including commitment of time and energy that the Corporation expects from its Directors);
Identifying and providing continuing education opportunities for all Directors, so that Directors may maintain or enhance their skills and abilities as Directors, and their knowledge of the Corporation’s business remains current;
Periodically reviewing the mandates of the Board and Committees of the Board and making recommendations to the Board if any changes to the mandates or additional Committees of the Board are required or appropriate;
Developing such codes of conduct and other policies as are appropriate to deal with the confidentiality of the Corporation’s information, insider trading and the Corporation’s timely disclosure and other public Corporation obligations;
Taking such other steps as the Committee decides are appropriate, in consultation with the Board, to ensure that proper corporate governance practices are in place for the Corporation, with reference to the corporate governance guidelines established by the securities regulatory authorities or recommendations and other regulatory requirements on corporate governance;
Approving outside counsel or advisors to be engaged by individual Directors when deemed appropriate with the cost to be borne by the Corporation; and
Reviewing and assessing annually Director attendance, performance and the size and composition of the Board, all in conjunction with the Chairman of the Board. In addition, the Committee shall be responsible for identifying and recommending to the Board, suitable candidates for nomination as new Directors, and reviewing the credentials of Directors standing for re-election. A detailed description of the Company’s approach to corporate governance is outlined in the Management Information Circular issued in connection with the Annual Meeting of Shareholders, a copy of which is available through the Company.

Code Of Business Conduct

Operating since 1990, Pay Power Loan Ltd. is the largest merchandise leasing company in Canada and the third largest in North America. Through a combination of both corporate and franchise stores, Pay Power Loan leases, with or without an option to purchase, top quality, brand-name household furnishings, appliances, home electronics and computers to consumers under weekly or monthly business agreements. Beyond the leasing business and through Pay Power Loan Services, Pay Power Loan also offers its customers short-term loans, generally in the range of $500 to $5,000, and other financial services such as cheque cashing and prepaid cards. The services offered by Pay Power Loan Services bridge the gap between traditional financial institutions and payday lenders, providing a realistic alternative for many customers. Pay Power Loan Services commenced operations in 2006. Pay Power Loan Ltd. is listed on the TSX under the symbol “EH”??.


Everyone should be given the opportunity to enhance their home and lifestyle. We are the leader in helping people get exactly what they want for as long as they want right now.


We are a relationship-driven business that thrives on the opportunity to provide customers access to household goods and services that enhance the quality of their lives.

Our Values

About the Code of Business Conduct

The Pay Power Loan Code of Business Conduct (the “Code”) has been designed to promote a responsible and ethical work environment for all Pay Power Loan affiliated companies, its employees and its directors. The Code contains guidelines on proper behaviour in the workplace and who you should contact if you have specific questions or concerns. References in the Code to Pay Power Loan or the Company are generally intended to mean Pay Power Loan Ltd. and all of its affiliated companies (including Pay Power Loan Services Inc., and Pay Power Loan U.S. Ltd.) as a group, where applicable.

Your Responsibilities

In doing your job, you are responsible for abiding by Pay Power Loan policies and all municipal, provincial, state and national laws in Canada and the United States or other jurisdictions as appropriate. You are responsible for knowing and following the laws and policies that relate to your job, including the policies in the Code and all other Company policies, including but not limited to the Code, Operations manuals, Management and Policy manuals, Employee Handbook and any other operating standards or procedures. Violating these policies may result in disciplinary actions up to and including termination of employment, recovery of damages and filing of criminal charges. It is your responsibility to ask questions, make appropriate disclosures, and bring potential problems to Management’s attention.

All employees, managers and directors throughout the term of their employment shall diligently, honestly and faithfully serve the Company and shall use their best efforts to promote and advance the interests and goodwill of the Company; conduct themselves at all times in a manner which is not prejudicial to the Company’s interests; and devote 100% of their full time and attention to the business and affairs of the Company generally and specifically to your duties hereunder. Further, all collections activities will be in line with our retention practices, and in accordance will local and national laws. All employees must adhere to the Privacy laws of each of the provinces and states, as well as those established on a national basis, in Canada and the United States or other jurisdictions as appropriate.

Resources And Contacts

Pay Power Loan maintains a Confidential Hotline ( that can be used to report suspected violations of the Code or illegal activities. This number is 1-800-461-9330.

Employee Assistance Program (EAP)

If you are an employee in need of assistance due to personal, health or family reasons, please contact our EAP provider, Shepell-fgi at 1.800.387.4765.

Applicable Laws

Pay Power Loan employees and directors are required to comply with all applicable laws in Canada and the United States. Any instance of non-compliance with applicable law(s) may subject the employee to corrective action up to and including termination of employment, recovery of damages, and filing of criminal charges.

If the Code or the Company requires you to take an action or prohibits you from taking action that you believe is in violation of a law, or if you believe there is a conflict between the applicable laws of two or more jurisdictions, please speak with Human Resources or call the Confidential Hotline.

The Company acknowledges that there are differences in local laws and practices. In some instances, the Code establishes policies and/or requirements that would not otherwise be required in some provinces and states. In keeping with the Company’s commitment to meet the highest standards of business conduct wherever we do business, all employees and directors must comply with all aspects of the Code, even if local laws do not require it. Conversely, there may be laws in certain provinces and states that may not specifically apply outside of those provinces and states, and therefore, are not specifically addressed in the Code. You are responsible for knowing and following all such laws and policies that relate to your job.

Throughout this Code, references to “applicable laws” include any law, rule or regulation applicable to the Company or its employees or directors.

Reporting Code Violations

It is important to report all violations or suspected violations of the Code. If you have a question about the policies outlined in the Code, talk to your supervisor. If you want to report a possible violation, call the Confidential Hotline. Reports to the hotline may be made anonymously. Confidentiality for those who report will be maintained to the extent possible. Neither your supervisor nor the Company will take any action against you for reporting suspected misconduct in good faith.

No Retaliation (Whistleblower Policy)

We are required by law to have a whistleblower policy and to protect our employees from acts of retaliation. It is against Company policy for any supervisor or any employee to take any action against another employee or director, a vendor or any other third party which has lawfully provided information, assisted in an investigation or otherwise disclosed information to a government agency when the person has a reasonable belief that the information is true and reveals a violation of or noncompliance with applicable law and/or Company policy. If you believe that you have been the subject of such retaliation, call the Confidential Hotline.

If you know that someone is carrying on business in a way that is counterproductive to a safe work environment or involves any illegal activity, it is your responsibility to speak up. Contact the Human Resources or Loss Prevention departments, or the Confidential hotline. All reports are confidential and will be investigated.

Equal Employment Opportunities

The Company is an Equal Opportunity Employer. Fair employment practices maintained throughout our operations are designed to prevent discrimination on the basis of race, religious beliefs, political beliefs, ancestry, place of origin, colour, ethnic or national origin, civil status, citizenship, creed, sex (including pregnancy), sexual orientation, age, record or summary of offences, marital status, family status, mental or physical handicap, source of income.

The Company will ensure that all hiring, training, transfer and promotion decisions are in accordance with equal employment opportunity principles and legislative requirements.

Harassment And Discrimination

The Company recognizes that each human being has the right to be treated fairly, without distinction, exclusion or preference based on race, religious beliefs, political beliefs, ancestry, place of origin, colour, ethnic or national origin, civil status, citizenship, creed, sex (including pregnancy), sexual orientation, age, record or summary of offences, marital status, family status, mental or physical handicap, source of income.

The Company recognizes that all its personnel have the right to work without sexual or racial harassment and will do everything in its power to enforce this statement. Sexual or racial harassment may be defined as an attitude that translates into words, actions or gestures of sexual or racial connotation that are undesired and generally repetitious, and which have a negative effect on a person’s physical or psychological dignity or integrity, or lead to an unfavourable working environment.

Complaint Procedures

Pay Power Loan will promptly and thoroughly investigate all complaints of discrimination or harassment. Employees are expected to cooperate fully in any such investigation. Failure to do so may result in discipline up to and including termination. Moreover, neither your supervisor nor the Company will take any action against you for making a complaint of discrimination or harassment or for cooperating in any such investigation.

If any employee is determined to have violated this policy, Pay Power Loan will take appropriate corrective action up to and including termination with or without cause. The complainant will be informed that remedial measures have been taken. We cannot help resolve a discrimination, harassment or retaliation problem unless we know about it. Therefore, it is every employee’s responsibility to bring those types of issues to Management or Human Resources’ attention so that the appropriate steps can be taken to resolve the issue. If you feel you have been subject to discrimination, harassment or retaliation, or that you have witnessed it in the workplace, please report it promptly by way of the Confidential Hotline.

Employee Personnel Records and Timekeeping

The Company maintains an “official” personnel file and other employment records permanently for each employee. Each supervisor, department and store location must maintain a “working” personnel file for each employee in a secure location on site. Employees in the stores are required to log in and out of the designated labour tracking system every day, including lunch breaks in excess of 30 minutes.

All time worked by an employee, whether scheduled or unscheduled, overtime or straight time, authorized or unauthorized – must always be recorded exactly as it occurred. Your supervisor will show you the procedure for recording time worked. Under no circumstances may you allow a fellow worker to login in to the time and labour management system for you, and you must not log in to the system unless you are at your permanent work location (i.e. it is not permissible for you to log in from a remote location). Anyone caught punching in and out from another location or by another employee will be terminated. You must keep record of time worked as required by law or policy in your province or state. You should also note all time that you don’t work but for which you are still paid and have your supervisor verify the time. If for any reason an entry must be changed, your supervisor must make the change, and you must initial it.

All overtime must be authorized by the Regional Manager or Department Manager as appropriate prior to working any additional hours. Hours worked in excess of the schedules must be documented on the schedule that is posted in the stores. Overtime is only paid with DVP approval or Vice President approval.

If you have any concerns about record keeping or just want more information, call the Human Resources Department, or the Confidential Hotline.

Performance Appraisals

Every employee receives a written performance appraisal, using the appropriate Company form, at least once per year. Employees on authorized leave will have their review dates postponed by the number of days in excess of 31 that they are away from work. Reviews should also be completed after the initial probationary period for new employees. All employees must receive a written copy of their performance review.

Workplace Violence

Pay Power Loan has zero tolerance for workplace violence. Consistent with our internal policies, Bill 168, and other provincial, state and federal legislation, acts or threats of physical violence, including intimidation, harassment, and/or coercion, which involve or affect the Company or its employees or directors, will not be tolerated. Acts or threats of violence include conduct that is sufficiently severe, offensive or intimidating to alter the employment conditions at Pay Power Loan or to create a hostile, abusive, or intimidating work environment for one or several Pay Power Loan employees.

The Company does not permit any type of firearm or weapon on its premises or in any Company vehicle. Employees may not be in the possession of a firearm or weapon while engaged in any Company business activity.

Alcohol And Drugs

Employees may not use, sell, possess, purchase or transfer alcohol or illegal drugs on Company premises, in Company vehicles or during work hours. The only exception is that alcohol may be consumed by people of legal drinking age at company-sponsored functions, in moderation.

Employees must not be under the influence of illegal drugs or alcohol during work hours, regardless of when the drugs or alcohol were consumed. It is also a violation of this policy to sell, transfer or distribute personal prescription drugs on Company premises, in Company vehicles or during work hours.

Health And Safety

The Company will take all reasonable and practical steps to safeguard all employees, customers and our communities, in order to maintain at all times an effective safety program, and has zero tolerance for those that intentionally put others at risk for injury. Accidents that cause suffering, loss of time and income, loss of profits and property damage can be reduced and even eliminated by executing the Company’s Health and Safety policy.

In fulfilling this commitment to protect both people and property, we will provide and maintain a safe and healthy work environment, in accordance with acceptable industry standards, and in compliance with legislative requirements. We will strive to be proactive to eliminate any foreseeable hazards which may result in fires, security losses, property damage, accidents and personal injuries. All employees will be equally responsible for minimizing accidents within our facilities.

Accidental loss can be controlled through good management in combination with active employee involvement. Loss prevention is the direct responsibility of managers and employees functioning as a team. All employees shall comply with the Company’s health and safety requirements as they apply to the operation and maintenance of facilities and equipment. All employees will perform their jobs properly in accordance with established procedures. It is in the best interest of all parties to consider health and safety in every activity. All employees are required to review the Emergency Response Plan / Evacuation Procedures contained in their store or office location.

Smoking is not permitted in any of our facilities or vehicles.

Confidentiality and Non-Disclosure

By virtue of your employment with the Company, you will be exposed to or will have access to confidential and proprietary information regarding the Company’s business, all of which are the property of the Company. Confidential Information includes, but is not limited to, trade secrets, industrial and/or operational processes, patents, customer lists, customer information including customers’ or potential customers’ specific needs and requirements, pricing information, product development plans, marketing methods and plans, financial results which have not been publicized, business plans and budgets and all other systems, methods, procedures, compilations of information, records and so forth which are owned and shall continue to be owned solely by the Company (‘Confidential Information’).

During the term of your employment with the Company, and continuing indefinitely thereafter, you agree that you shall hold in confidence and refrain from disclosing the Company’s Confidential Information and shall not, except in connection with the performance of your duties with the Company, directly or indirectly use, convey, disclose or reveal, or attempt to use, convey, disclose or reveal, any of the Confidential Information, unless approved by the Company in writing and at the sole discretion of the Company or required to do so by an applicable governmental or regulatory body.


Pay Power Loan has implemented a formal Privacy Policy which describe our personal information handling practices and assure our continuing commitment to protect all personal information that we handle in the course of commercial and employment activities. All employees and directors are required to comply with this policy at all times. No employee or director shall disclose personal information related to employment, customer accounts, collection activities or any other personal information to any other employee or any external person or organization without the approval of the Privacy Officer.

All employees are responsible for complying with Pay Power Loan’s Privacy Policy and sign-off on the Code of Conduct also serves as sign-off that you have read, understood and will comply with the Company’s Privacy Policy. Requests for privacy information may be directed to the Privacy Officer or online at

Intellectual Property Rights

Any and all ideas, designs, procedures, formulas, inventions or improvements (whether patented, patentable or not) trade names, logos and writings as other materials written or produced by you (collectively, the â??Intellectual Propertyâ?) which you may conceive or produce during the period of your employment with the Company relating or in any way pertaining to or connected with the scope of your employment, or in which the Company has been or may become interested, shall be the sole and exclusive property of the Company.

You shall promptly and fully disclose the Intellectual Property to the Company and shall not disclose the same to others, except with Company’s express written approval.

When requested by the Company, you shall execute any and all applications, assignments and other instruments which the Company shall deem necessary in order to apply for and obtain patents, copyrights, industrial designs and/or any official documents(s) relating to exclusivity of the invention, design or copyright of Canada, United States or any foreign country for such Intellectual Property and in order to assign and convey to the Company the sole and exclusive right, title and interest in and to such Intellectual Property. In particular, respecting writings or other copyrightable materials, the Company may claim authorship as an employer or work made for hire.

Accuracy Of Company Records and Integrity in Communications
Accurate records are essential to the successful operation of Pay Power Loan. Employees are responsible for ensuring the protection and accuracy of all Company records, information, and accounts. For example, claims on an expense report or time record, payments and other transactions must be correctly recorded and accounted for and properly authorized in accordance with Company policies.

All employees must comply with Company policies, procedures, standards and controls. Employees must act to ensure timely and accurate reporting of Company information. Accounting and financial reporting of actual transactions and forecasts must follow the Company’s accounting policies as well as all generally accepted accounting principles and laws.

Documents that belong to the Company must not be destroyed. Any communication that leads to a legal claim either civil or criminal must also be retained.

If you have any concerns about the Company’s financial controls, accounting, financial reporting or auditing please call the Confidential Hotline.

Conflicts of Interest

All business decisions should be made solely in the best interests of the Company, not for personal benefit. Therefore, you should avoid any action that creates – or appears to create – a conflict of interest with the Company. Questions about potential conflicts of interest and disclosure of these situations as they arise should be directed to Human Resources, or the Confidential Hotline.

You may not have a financial interest in any supplier, vendor, distributor, landlord or competitor of the Company without first getting written approval from the President and Chief Executive Officer. An improper financial interest is one that creates or appears to create a conflict of interest with the Company. In addition, employees may not receive any form of compensation from anyone other than the Company for doing their job, including accepting tips from customers. If you have a question about what constitutes an improper financial interest, call the Confidential Hotline.

Employees are not permitted to lease merchandise through a store, obtain a loan from a kiosk, or access the account of a family member or close personal friend with whom they have a relationship.

Doing Business With Spouses, Relatives or Friends
You must obtain the written approval of your Divisional Vice President, for field staff, or the President and Chief Executive Officer, for support centre staff, before doing Company business with parties such as relatives, friends, spouses or life partners, and must always keep the Company’s interests top priority in those interactions. In addition, you may not pressure others into hiring a relative or friend as an employee, supplier, vendor, distributor or landlord of the Company.


Employees are not permitted to purchase merchandise through the store lease method. This includes immediate family members, if they reside in the same household. Employees must utilize the internal Employee Purchase Policy process to purchase new merchandise only, through the Corporate office.

Customers hired in to our stores as employees must either pay out their accounts in full, return the merchandise or transfer the account to an employee purchase agreement, to be paid through payroll deduction.

Relatives of employees are not permitted to have access to Company store computers, access codes, customer files, employee records, vehicles, security codes, etc. or any other Company material, and are not permitted to be in the store during non-business hours.

Employees are not permitted to â??borrowâ? product from the store. Any special requests must be submitted to the DVP for review and approval, and must be documented on file.


While we recognize and respect the rights of employees to freely pursue personal relationships with those they encounter in the work environment, employees must use good judgement in ensuring that those relationships do not negatively impact their job performance, their ability to supervise others or the work environment.

Any workplace conduct arising from a romantic relationship, intimate relationship or friendship between employees may be improper if the conduct creates an uncomfortable work environment for others or there is sharing of confidential and private information. Favouritism, open displays of affection and making business decisions based on emotions or friendships rather than on the best interests of the Company are examples of inappropriate conduct.

Employees who find themselves in an intimate relationship or friendship should use tact, good judgment and common sense. Employees in a reporting relationship with someone that they are consensually dating or romantically involved with must inform the next level of management or Human Resources. We will work with both individuals to try to separate their employment responsibilities from their personal relationship in order to protect the interests of both employees and others and to avoid any conflict of interest.

Gifts And Entertainment

Employees should never accept anything of value from anyone, including a current or prospective supplier, vendor, distributor, landlord or competitor of the Company when doing so might compromise, or appear to compromise, the objectivity of your business decisions. If you have a question about this policy, call the Confidential Hotline.

Bribes And Improper Payments

Employees or agents of the Company should never directly or indirectly offer, promise to pay or authorize the payment of money, products, services or anything of value to any government official or agent in any country in order to influence acts or decisions of government officials, to receive special treatment for the Company or for personal gain. All Pay Power Loan employees must abide by the local laws. Employees working with government officials should request further guidance from the President and Chief Executive Officer. For more information, call the Confidential Hotline.

Political Contributions and Activities

Personal Contributions/Activities
You are, of course, free to participate in personal religious or political activities as you see fit. In doing so, however, you should make it clear that you are acting in your individual capacity and not on behalf of the Company.

Fair Dealing

You should always deal fairly and honestly with the Company’s customers, suppliers, vendors, competitors and employees. You should not take unfair advantage of anyone through manipulation, concealment, abuse of confidential information, falsification, misrepresentation of material facts or any other intentional unfair dealing practice.

Outside Employment

Except as described below, employees may not work for or receive compensation for personal services from any supplier, vendor, distributor, landlord or competitor of the Company, or any business entity that does or seeks to do business with the Company.

Outside Service As A Director Or Officer

Employees must obtain approval from the Board of Directors before serving on the board of directors of another for-profit company. Employees may serve as a director, trustee or officer of a non-profit organization in their individual capacity and on their own time, but must get prior permission from the Board of Directors to do so as a representative of the Company. If you have a question about this policy, call the President and Chief Executive Officer.

Insider Trading

As an Pay Power Loan employee or director, you are not allowed to trade securities or to tip others to trade securities of Pay Power Loan or other companies when you are aware of material information that has not been made available to the public.

Material information is any information that could be considered important by a person in deciding whether to trade in a company’s stock. Examples include: information relating to sales, inventory, margins, earnings, significant proposed acquisitions, planned stock splits, proposed changes in dividends and other information that has the potential to affect the stock price of Pay Power Loan or another company. As a general rule, if the information makes you think of buying or selling the stock of Pay Power Loan or another company, it probably would have the same effect on others and probably is material information.

Once material information has been fully disclosed to the public, employees may trade in the Company’s stock. Full public disclosure generally means a widely distributed press release followed by publication in the print media and three or more days for distribution and interpretation of the information. If you are unsure whether information is material or has been released to the public, call the Senior Vice-President and Chief Financial Officer or the President & Chief Executive Officer before trading.

Trading on inside information can have severe consequences. Each provincial Securities and Exchange Commission and/or similar agencies are authorized to bring a civil lawsuit against anyone who trades on inside information (or who provides another person with inside information) and also against the Company. Insider trading is also a crime subject to criminal penalties, including jail terms.

Complaints To Government Agencies

Occasionally, an applicant, customer, or current or former employee may file – or threaten to file – a complaint against the Company with the government. If you are notified about such a complaint, immediately call Human Resources or the Confidential Hotline. Neither your supervisor nor the Company is permitted to take any action against you for either making or reporting such a complaint.

Government Proceedings And Requests For Information

It is Company policy to cooperate with appropriate government requests or investigations. If you are asked to provide information (either written or verbally) for a government investigation or if a government representative appears at your workplace, call the Human Resources Department or the Confidential Hotline before providing any information. All information provided should be truthful and accurate and must not obstruct, influence or impede the request for information. Employees should not alter, falsify, mutilate, cover up, or destroy any documents or records related to a government request or investigation or legal proceeding.

Media Inquiries

You must not speak to reporters on behalf of the Company. Individuals who talk directly to reporters without going through the proper channels risk providing incorrect information or revealing proprietary strategies. Please direct members of the media with inquiries to the President and Chief Executive Officer.

The Environment

Pay Power Loan is committed to minimizing any negative impact of our business activities on the environment. All employees are responsible for complying with applicable environmental laws and Company policies.


It is strictly prohibited to send or forward email or access internet sites that contain chat rooms, blogs, libelous, defamatory, pornographic, offensive, racist or obscene remarks, pictures or any other material that the company deems inappropriate. If you receive an e-mail of this nature, you must promptly notify your supervisor, delete the email and notify the sender that you are not permitted to receive email of this nature from them or anyone else.

If there is evidence that you are not adhering to the guidelines set out in this policy, the Company reserves the right to take disciplinary action, including termination and/or legal action.

Pay Power Loan will contact the authorities if illegal activity of this nature is found on any employee’s computer, internet or email accounts.

Employees are not permitted to access social networking sites such as Facebook, MSN, MySpace, etc. during business hours.

Confidential work related information may not be shared with anyone outside the business particularly through any of these social networking sites. Pay Power Loan may take legal action against any employee that violates the privacy of another employee, customer or if it determines that there is a breach of confidentiality with respect to the business, or libelous and defamatory comments made about the Company or its employees.

Loss Prevention and Theft

The Loss Prevention department supports the strict adherence of corporate policies and procedures, the protection of assets, and the safety of our employees.

Any employee implicated in the manipulation of assets or accounts, theft, fraud or found to be conducting themselves in a manner that contravenes our policies and procedures will be disciplined, up to and including termination. Pay Power Loan has a zero tolerance policy to violations of this nature and expect all employees to adhere to all company policies and procedures at all times.

To further ensure the security and safety of all our employees and customers, some Pay Power Loan stores are equipped with recorded video and audio surveillance which may, if applicable, be used during an internal or legal investigation.

To report suspicious activities, contact the Loss Prevention Department at

Employee Use of Company Vehicles

Employees are not permitted to use the Company vehicles for personal use or carry passengers that are not Pay Power Loan employees.

Employees that incur fines, tickets or moving violations in a Company vehicle at anytime are wholly responsible for paying the fines and tickets within the time allotted.

Employees that are required to drive Company vehicles must always ensure the vehicles meet the standards as imposed by the Ministry of Transportation or they are forbidden to move the vehicle.

Employees may only drive a Company vehicle if they meet the requirements of the Company’s driver’s standards with respect to years licensed, points or other incidents against their license, restrictions, etc. These must be verified upfront in order to comply with Ministry of Transportation of other regulatory mandates. Employees that have not been cleared to drive a Company vehicle may not drive until they have been cleared to do so.

Smoking is not permitted in any Company vehicle.

Inventory Management

All employees are required to abide by the Company’s inventory practices at all times. This includes the weekly and monthly checks, proper management of service and loaner units, as well as idle units. Employees are not permitted to hide or attempt to hide missing inventory, or inventory that is to be charged off or hold pick-ups (physically picking up product from a customer’s home but not picking it up within the RSSS system). Strict adherence to these standards is required at all times.

Deposits/NSF Cheques

All deposits must be made daily per standard operating procedures, including use of deposit logs. Cheques returned due to Non-Sufficient Funds (“NSF”) must be entered into the system when received. Employees are not permitted to hold deposits or NSF cheques for any reason.


Fraud is illegal. It is also wrong and unacceptable to Pay Power Loan. Any indication of fraud will be rigorously investigated and dealt with in a firm and expeditious manner.

Employees are responsible to act at all times with the highest degree of honesty and integrity. Employees are responsible for complying with Pay Power Loan’s Code of Business Conduct and the Fraud Policy. Any employee of Pay Power Loan who knows or has reason to believe that fraudulent activity has occurred is obligated to report it immediately to the Human Resources or Loss Prevention Departments, or by way of the Confidential Hotline.

Employees are responsible for complying with Pay Power Loan’s Code of Business Conduct and the Anti- Fraud Policy. Sign-off on the Code of Conduct also serves as sign-off that you have read, understood and will comply with the Company’s Anti-Fraud Policy.

Authorization Policy

As part of its system of internal controls, the Company has established an Authorization Policy that specifies dollar value maximums by employment position limiting the extent of goods or services that can be procured by all employees on behalf of the Company. Additionally, this Authorization Policy specifies which employees are able to sign and ratify contracts that commit the Company to current or future activities or obligations on behalf of the Company.

All employees are responsible for complying with Pay Power Loan’s Authorization Policy and sign-off on the Code of Conduct also serves as sign-off that you have read, understood and will comply with the Company’s Authorization Policy.

Policy Changes

Over time, new policies may need to be presented/introduced and existing policies revised. While the Company reserves the right to make these changes with or without notice, the Company will try to let you know about any changes affecting your employment as soon as possible.


The provisions of this Code may only be waived by the Company’s Board of Directors. Any waiver of this Code for an executive officer or director will be promptly disclosed as required by law or stock exchange regulation.