COIPA ENERGY S.A CODE OF ETHICS
The Board of Directors of COIPA ENERGY S.A (the “Company”) has developed and adopted this Code of Ethics applicable to all Employees, Officers and Directors of the Company and its subsidiaries (collectively referred to in this Code as “Employees”) to promote honest and ethical conduct, full, fair, accurate, timely and understandable disclosure, and compliance with applicable governmental rules and regulations.
EXECUTIVE SUMMARY OF CODE OF ETHICS
The Code of Ethics of COIPA ENERGY S.A is based of six fundamental rules and principals, and in particular:
- Honest, Lawful and Ethical Conduct.
- Conflict of Interest and Corporate Opportunity.
- Compliance and Disclosure.
- Financial Reporting.
- Health and Safety.
BOARD TERM OF REFERENCE
The Board of Directors of COIPA ENERGY S.A, has the responsibility to supervise the management of the business and affairs of the Company. The fundamental objectives of the Board are to enhance and preserve long-term shareholder value, to ensure that the Company operates in a reliable, safe manner and meets its obligations on an ongoing basis. The Board is accountable to and shall consider the legitimate interests of its shareholders and other investors such as government authorities, employees, contractors, customers communities and the public. The Board, shall set the standards of conduct for the enterprise, provide direction and oversight, approve strategic plans and evaluate the performance of senior management.
- Legal Requirements
- Strategy Determination
COIPA ENERGY S.A, it its committees to have the responsibility to identify and understand the principal risks of the business in which the Company is engaged, to achieve a proper balance between risks incurred and the potential return to shareholders, and to ensure that there are systems in place which effectively monitor and manage those risks with a view to the long-term viability of the Company.