Sinopec Daylight Energy Ltd. Corporate Governance
The Board of Directors of Sinopec Daylight is responsible for the stewardship of the Company. In discharging this responsibility, the Board will exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances and will act honestly and in good faith with a view to the best interests of the Company. In general terms, the Board will:
- in consultation with the CEO the company, define the principal objective of the Company;
- oversee the management of the business and affairs of the Company with the goal of achieving Sinopec Daylight's principal objectives as defined by the Board;
- discharge the duties of the Board under applicable laws; and
- for the purpose of carrying out the foregoing responsibilities, take all such actions as the Board deems necessary or appropriate.
Sinopec Daylight Energy's Ethical Business Conduct
The primary standard for ethical business conduct is the "tone at the top" as expressed by both the Chairman and the Chief Executive Officer of Sinopec Daylight. Sinopec Daylight and the Board of Directors have adopted the Code. New employees, as a component of their initial orientation near the commencement of their employment, as well as each continuing employee, officer and director of Sinopec Daylight are to confirm that they have read, understood and complied with the Code. Any reports of variance from the Code will be reported to the Board.
The Board has also adopted a Whistleblower Policy which provides employees with the ability to report directly to the Chairman of the Corporate Governance and/or the Chairman of the Audit Committee, on a confidential and if the employee desires, anonymous basis, any violations within our organization including, but not limited to, questionable accounting practices, inadequate internal accounting controls, auditing matters, disclosure of fraudulent or misleading financial information, instances of corporate fraud, falsification of financial records, unethical conduct, harassment or theft. The Board believes that providing a confidential forum for employees, officers and directors to raise concerns about ethical conduct and treating all complaints with the appropriate level of seriousness fosters a culture of ethical conduct within Sinopec Daylight.