Sempra_EthicsPlan

Sempra_EthicsPlan - Thispageismanaged byth eDirectorof BusinessConduct(Lastrevisedon13009 "Company)conductitsbusiness ,

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Sempra Energy Corporate Compliance and Ethics Plan This page is managed by the Director of Business Conduct (Last revised on 1­30­09) Sempra Energy and its subsidiaries and affiliates ("Company") conduct its business in compliance with federal, state and local laws and regulations that are applicable to their activities. International subsidiaries conduct their businesses in compliance with applicable laws and regulations in each country where they are located. Employees are expected to conduct their business affairs in a lawful manner. Conduct must conform to company compliance guidelines and policies, and in a manner that is consistent with the company’s values and ethical standards. This Compliance Plan provides the framework for the on­going efforts of the Company to maintain a business environment that requires business conduct that achieves these goals at all levels within the organization. This plan, reviewed and adopted by the Senior Management team, is designed, implemented and enforced to be effective in establishing and maintaining a culture and environment that encourages ethical conduct. This includes a commitment to compliance with the law as fundamental tenets to preventing, detecting and penalizing criminal conduct consistent with current standards set forth in the United States Sentencing Guidelines. The Compliance Plan covers the following areas: 1. Compliance Oversight 2. Delegation of Authority 3. General Corporate Risk Areas 4. Written Policies 5. Communication and Education 6. Monitoring and Auditing 7. Enforcement 8. Detected Offenses 1. Compliance Oversight A. Chief Compliance Officer The Chief Compliance Officer for the Company shall be the Vice President Regulatory Affairs and Chief Compliance Officer reporting to the General Counsel for this purpose. The Chief Compliance Officer shall be responsible for the Company’s implementation of the Corporate Compliance and Ethics Plan focusing on the direction and execution of compliance responsibilities. The Chief Compliance Officer will also have responsibility to work in collaboration and coordination with all other officers with compliance responsibilities including but not limited to the Chief Ethics Officer, as well as the designated officers throughout the company. The Chief Compliance Officer will coordinate the Corporate Compliance Committee and include other
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officers with compliance responsibility as necessary and appropriate to review and discuss their respective areas. The Chief Compliance Officer will report regularly to the Audit Committee of the Board of Directors. B. Corporate Compliance Committee The General Counsel shall chair, and the Chief Compliance Officer shall vice chair, a Corporate Compliance Committee that will report regularly to the Chief Executive and Chief Operating Officers and to the Audit Committee of the Board of Directors. The purpose of the Committee is to direct and oversee Sempra Energy’s compliance with
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This note was uploaded on 01/30/2011 for the course GEB 6376 taught by Professor Kest during the Spring '10 term at Hodges University.

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Sempra_EthicsPlan - Thispageismanaged byth eDirectorof BusinessConduct(Lastrevisedon13009 "Company)conductitsbusiness ,

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