S.D. Codified Laws § 58-6A-3.10

Current through the 2024 Legislative Session

Section 58-6A-3.10 - Code of business conduct and ethics

The board of directors shall adopt and disclose a code of business conduct and ethics for directors, officers, and employees. Each director, officer, and employee shall promptly disclose to the board of directors any waivers of the code. The code of business conduct and ethics shall include the following topics:

(1) Conflicts of interest;

(2) Matters covered under the corporate opportunities doctrine under the state of domicile;

(3) Confidentiality;

(4) Fair dealing;

(5) Protection and proper use of risk retention group assets;

(6) Compliance with all applicable laws, rules, and regulations; and

(7) Requiring the reporting of any illegal or unethical behavior which affects the operation of the risk retention group.

SDCL 58-6A-3.10

SL 2016, ch 232, §12.

Added by S.L. 2016, ch. 232,s. 12, eff. 7/1/2016.