Our Board of Directors, comprised of both executive and independent members, is committed to complying with all applicable rules and regulations to help ensure transparency and proper disclosure of information to the public and investors. Members of the Board of Directors are assigned to committees in order to provide independent oversight of company policies and certain business decisions. The Board believes that sound governance policies and practices provide an essential foundation to assist the directors in fulfilling their responsibilities.
The Governance Committee was established by the Board of Directors of our general partner and is currently comprised of three independent members of the Board. The Committee's primary purpose is to develop and recommend to the Board a set of governance guidelines applicable to the Partnership, to review such guidelines from time to time and to oversee governance matters relating to the Company and the Partnership, including Board and Committee composition, qualifications of Board candidates, director independence, succession planning and other related matters. The Committee was also established to assist Board oversight of management's establishment and administration of the Partnership's environmental, transportation compliance, health and safety policies, procedures, programs and initiatives, and other related matters.
The members of the Governance Committee are:
James T. Hackett, Chairman
Carin M. Barth
John R. Rutherford
The Audit and Conflicts Committee was established by the Board of Directors of our general partner and is currently comprised of three independent members of the Board. The Committee's primary purpose is to assist Board oversight of the integrity of the financial statements of the Partnership, the compliance by the Partnership with legal and regulatory requirements, the independence and qualifications of the Partnership's independent auditors, and the performance of the Partnership's internal audit function and of its independent auditors. The Audit and Conflicts Committee also reviews and approves certain related party transactions.
The members of the Audit and Conflicts Committee are:
William C. Montgomery, Chairman
Murray E. Brasseux
Rebecca G. Followill
The Capital Projects Committee was established by the Board of Directors of our general partner. The Committee’s primary purpose is to review and approve certain expenditures of the general partner, the Partnership, and/or their respective consolidated subsidiaries in connection with proposed capital projects.
The members of the Capital Projects Committee are:
W. Randall Fowler, Co-Chairman
A. James Teague, Co-Chairman
Richard H. Bachmann
Carin M. Barth
Murray E. Brasseux
James T. Hackett
Harry P. Weitzel
Enterprise Products Partners L.P. is a limited partnership organized under the laws of the state of Delaware. The principal organizational document of a limited partnership is its Agreement of Limited Partnership. Our partnership agreement provides that our business and affairs will be managed and directed by our general partner, and the limited partners will have no role in such activities. Our general partner is Enterprise Products Holdings LLC, a Delaware limited liability company. The general partner's directors and officers are in charge of the limited partnership and, respectively, provide oversight of and make the decisions for its management and operation, and they cause the general partner to act on behalf of the partnership. Our partnership agreement is the foundation governance document for our partnership. It sets forth the basic structure, organization and governance rules for our organization, and it functions in much the same way as do articles of incorporation and by-laws for a corporation. You may click on the link below to view the current version of our partnership agreement.
Our Board of Directors has adopted a Code of Conduct to provide guidance for compliance with our high standards of legal and ethical behavior. It covers a broad range of subjects specifically and also sets the general standards of ethical conduct; honesty and fair dealing that apply to any subject or situation, and has been an Enterprise hallmark from the earliest days of our predecessor company. The Board of Directors must approve any waivers of or exceptions to our Code of Conduct in advance; no such waivers or exceptions have ever been proposed.
You may click on the links below to view the Code of Conduct and the specific policies and statements that fall under:
1100 Louisiana Street, 10th Floor
Houston, TX 77002-5227