Corporate Governance - Highlights

HIGHLIGHTS

Asset Acceptance Capital Corp. strives to maintain the confidence of our shareholders by adhering to the highest ethical and business standards. The honesty, integrity and sound judgment of our associates, officers and directors is essential for the reputation and success of Asset Acceptance. Our Board of Directors recognizes that adherence to our standards of corporate governance plays a significant role in enhancing our long-term business success.

Our Corporate Governance Policies provide the framework for the governance of the Company and are designed to ensure that our Company is managed with integrity and in our shareholders’ best interests. We will continue to monitor and review the policies and procedures in place and, when appropriate, will update and strengthen our corporate governance practices to ensure we are focused on the long-term benefit of our shareholders.

CODE OF BUSINESS CONDUCT

Our Code of Business Conduct sets forth the guiding principles of business ethics and certain legal requirements applicable to all Asset Acceptance associates, officers and directors. Our Code of Business Conduct was updated in October 2008 and reflects the Company’s sincere intent to act in accordance with all applicable laws and regulations. Our Code of Business Conduct establishes the responsibilities, policies and guiding principles that will assist us in our commitment to adhere to the highest ethical standards and to conduct our business with the highest level of integrity.

Our Code of Business Conduct is read and signed by each associate, officer and director on an annual basis.