Title
Resolution - Approval of Ethics and Compliance Reporting Policy - J Rickman/M Butler
Other Info
Submitted By: Julie Rickman
Department: Compliance and Regulatory
Financial Impact and Cost/Benefit Considerations: N/A
Discussion
Pursuant to the Board’s Policy on Policies, the Board of Directors (“Board”) routinely reviews all Board policies as part of its policy management. Under the Board’s approved review schedule, the Board may now consider review of the Ethics and Compliance Reporting Policy (“Policy”).
This Policy was adopted to establish standards of conduct at Pedernales Electric Cooperative, Inc. (“PEC” or “Cooperative”). The Policy provides reporting and response procedures for suspected violations of applicable law, PEC’s governing documents, and PEC’s policies and standards.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that pursuant to its regular review of Board policies, the Board has reviewed and adopts the Ethics and Compliance Reporting Policy, with such changes, if any, as were approved by the Board; and
BE IT FURTHER RESOLVED that the Chief Executive Officer, or designee, is hereby authorized to take any actions as may be necessary to implement this resolution.