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BUSINESS CONDUCT & ETHICS
Ethical Business Conduct
The Partnership's Code of Business Conduct and Ethics (the "Code") is a statement of the principles to which the Partnership is committed and confirms in writing the expectation that all employees, officers, directors and consultants will conduct themselves in accordance with the highest ethical standards in all of their business activities while acting on behalf of the Partnership. The conduct required by the Code means acting with honesty, integrity and fairness at all times when dealing with employees, suppliers, customers, joint venture partners, unitholders and others with whom the Partnership does business. It is the responsibility of the Governance and Compensation Committee to review and maintain the Code, the board of directors meets with non-executive staff on a regular basis, visits the Partnership's facilities to meet with field staff and has provided employees with a confidential phone number that gives the employee direct access to the chairman of the Audit Committee.
The chairman of the board is responsible for the effective and ethical operation of the board and its committees. In addition, the chairman makes himself available for discussions with individual board members. In carrying out his responsibilities, the chairman also reviews the contributions of its individual directors and considers whether the current composition of the board promotes effectiveness and efficiency in its decision-making. The chair of the Governance and Compensation Committee also periodically reports to the board on issues of governance and ethics.
In conjunction with each board meeting, the independant directors hold in camera sessions at which non-indepdendent directors and members of management are not in attendance. At their discretion, independent directors are empowered to engage outside expertise or advisors, at the Partnership's expense, with the prior approval of the board.
To view the Code of Business Conduct and Ethics please click here.
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