Reword these two questions into statements?

(example:

Question: Do the audit committee and the board of directors have sufficient oversight of management's antifraud programs and controls?

To make that a statement you would say: The audit committee needs to have sufficient oversight of managements antifraud programs and control")

Question 1. Does the company have a published code of ethics/conduct (with provisions related to conflicts of interest, related-party trans-actions, illegal acts, and fraud) made available to all personnel and does management require employees to confirm that they accept and agree to follow it? Does the frequency of exceptions undermine the code's effectiveness? Does the code comply will all applicable rules and regulations?

Question 2. Does the company have an ethics/whistleblower hotline with adequate procedures to handle anonymous complaints (received from inside and outside the company), and to accept confidential submission of concerns about questionable ac-counting, internal accounting control, or auditing matters? Are tips and whistleblower complaints investigated and resolved in a timely manner?