Attached files
| file | filename |
|---|---|
| 10-K - ANNUAL REPORT - LILIS ENERGY, INC. | f10k2009_recovery.htm |
| EX-32.1 - CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - LILIS ENERGY, INC. | f10k2009ex32i_recovery.htm |
| EX-31.1 - CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - LILIS ENERGY, INC. | f10k2009ex31i_recovery.htm |
| EX-23.1 - CONSENT OF HEIN & ASSOCIATES LLP. - LILIS ENERGY, INC. | f10k2009ex23i_recovery.htm |
| EX-10.11 - PURCHASE AND SALE AGREEMENT - LILIS ENERGY, INC. | f10k2009ex10xi_recovery.htm |
EXHIBIT
14.1
CODE
OF ETHICS FOR SENIOR FINANCIAL OFFICERS
The
principal executive officer, president, principal financial officer, chief
financial officer, principal accounting officer and controller (all, the
company’s “Senior Financial Officers”) hold an important and elevated role in
corporate governance, vested with both the responsibility and authority to
protect, balance, and preserve the interests of all of the enterprise
stakeholders, including shareholders, customers, employees, suppliers, and
citizens of the communities in which business is conducted. Senior Financial
Officers fulfill this responsibility by prescribing and enforcing the policies
and procedures employed in the operation of the enterprise’s financial
organization and by acting in good faith and in the company’s best interests in
accordance with the company’s Code of Business Conduct and Ethics.
1. Honest and
Ethical Conduct
Senior
Financial Officers will exhibit and promote honest and ethical conduct through
the establishment and operation of policies and procedures that:
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Encourage
and reward professional integrity in all aspects of the financial
organization, by eliminating inhibitions and barriers to responsible
behavior, such as coercion, fear of reprisal, or alienation from the
financial organization or the enterprise
itself.
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Promote
the ethical handling of actual or apparent conflicts of interest between
personal and professional
relationships.
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Provide
a mechanism for members of the finance organization to inform Senior
Management of deviations in the practice from policies and procedures
governing honest and ethical
behavior.
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Respect
the confidentiality of information acquired in the course of work, except
when authorized or otherwise legally obligated to disclose such
information, and restrict the use of confidential information acquired in
the course of work for personal
advantage.
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Demonstrate
their personal support for such policies and procedures through periodic
communication reinforcing these ethical standards throughout the finance
organization.
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2. Financial
Records and Periodic Reports
Senior
Financial Officers will establish and manage the enterprise transaction and
reporting systems and procedures to provide that:
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Business
transactions are properly authorized and accurately and timely recorded on
the company’s books and records in accordance with Generally Accepted
Accounting Principles (“GAAP”) and established company financial
policy.
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No
false or artificial statements or entries for any purpose are made in the
company’s books and records, financial statements and related
communications.
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The
retention or proper disposal of company records shall be in accordance
with established records retention policies and applicable legal and
regulatory requirements.
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Periodic
financial communications and reports will include full, fair, accurate,
timely and understandable disclosure.
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3. Compliance with
Applicable Laws, Rules and Regulations.
Senior
Financial Officers will establish and maintain mechanisms to:
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Educate
members of the finance organization about any federal, state or local
statute, regulation or administrative procedure that affects the operation
of the finance organization and the enterprise
generally.
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Monitor
the compliance of the finance organization with any applicable federal,
state or local statute, regulation or administrative
rule.
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Identify,
report and correct in a swift and certain manner, any detected deviations
from applicable federal, state or local statute or
regulation.
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4. Reporting of
Non-Compliance
Senior
Financial Officers will promptly bring to the attention of the Audit
Committee:
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Material
information that affects the disclosures made by the company in its public
filings.
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Information
concerning significant deficiencies in the design or operation of internal
controls that could adversely affect the company’s ability to record,
process, summarize and report financial
data.
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Senior
Financial Officers will promptly bring to the attention of the Outside Counsel
and to the Board of Directors:
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Fraud,
whether or not material, that involves management or other employees who
have a significant role in the company’s financial reporting, disclosures
or internal controls.
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Information
concerning a violation of this Code or the company’s Code of Business and
Ethics Conduct, including any actual or apparent conflicts of interest
between personal and professional relationships, involving management or
other employees who have a significant role in the company’s financial
reporting, disclosures or internal
controls.
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Evidence
of a material violation by the company or its employees or agents of
applicable laws, rules or
regulations.
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5.
Disciplinary
Action
In the
event of violation by Senior Financial Officers of this Code or the company’s
Code of Business Conduct and Ethics, the Audit Committee of the Board of
Directors shall recommend appropriate disciplinary and remedial
actions.