The Board of Directors of the general partner of Delek Logistics Partners, LP has adopted these guidelines to assist it in carrying out its responsibilities overseeing the business affairs and management of the Company and its subsidiaries. The principles and policies set forth in the governance document are intended to enhance the Board’s ability to govern effectively and ethically on behalf of our key stakeholders.
Code of Business Conduct & Ethics
The Code of Business Conduct & Ethics is designed to codify the ethical standards and practices desired of our employees, officers and board members. The code is intended to promote good faith actions which reflect our core corporate values as an organization, while also serving as a guidepost for legal compliance purposes. By adhering to the standards set forth in this code, the Board of Directors believes members of our organization will be well-positioned to make sound, ethical judgments which are aligned with the best interests of Delek Logistics Partners, LP and its key stakeholders.
The conflicts committee is designed to determine if the resolution of any conflict of interest referred to it by our general partner is in the best interests of Delek Logistics Partners, LP.
The audit committee assists the Board’s oversight of multiple duties, some of which include determining the quality and integrity of the our financial statements; the disclosure and reporting process, including our disclosure controls and procedures; the internal controls and procedures for financial reporting; the performance of the company’s internal audit function; supervision and review of an independent auditor; and our compliance with policies stipulated under our “Code of Business Conduct and Ethics” and legal/regulatory requirements.
Environmental, Health and Safety Committee
The Environmental, Health and Safety Committee (the "EHS" Committee) assists the Board by overseeing management's establishment and administration of the Company's environmental, health and safety ("EHS") policies, programs and initiatives.
Governance and Compensation Committee
The purpose of the Governance and Compensation Committee is to (a) recommend to the Board director nominees for each Board committee; (b) periodically review the corporate governance policies applicable to the Partnership (the “Governance Guidelines”) and recommend to the Board any changes deemed necessary or desirable; (c) monitor, oversee and review compliance of the Governance Guidelines and all other applicable policies of the Partnership as the Governance and Compensation Committee or the Board deem necessary or desirable; (d) support the Board and work with management to ensure that compensation practices properly reflect management and Partnership philosophy, competitive practice and regulatory requirements; and (e) review, provide advice on and, where appropriate, approve the following items: (1) executive and employee compensation objectives, plans, and levels; (2) culture and employee engagement; (3) diversity and inclusion; (4) leadership and talent engagement; and (5) executive succession planning.
The purpose of the Technology Committee is to assist the Board in fulfilling certain of the Board’s oversight responsibilities by, among other things, overseeing management’s establishment and administration of the Partnership’s policies, programs, procedures and initiatives with respect to technology and information security.