CODE OF ETHICS
Managing Financial Records and Disclosures
Financial Accounting and Reporting
LP is committed to accurate and reliable financial accounting and reporting, to effective internal accounting controls and auditing, and to compliance with all federal, state, and provincial laws, agency regulations, and applicable disclosure requirements.
Financial and accounting matters must be addressed with care, competence, diligence, and the exercise of objective, independent judgment. Facts must not be misrepresented, and the confidentiality of information must be maintained.
Management is responsible for preparing accurate and complete financial statements. All LP Personnel are expected to provide any necessary or relevant data or information to ensure that financial reports are reliable and accurate. Senior financial executives will be required to sign a Code of Ethics for Senior Financial Officers annually, reaffirming their commitment to professional, ethical conduct.
The actions or inactions of employees as related to the tasks described here can affect internal controls, and therefore, compliance with the Sarbanes-Oxley Act for 2002. Employees should be familiar with internal control policies and procedures relevant to their work areas and should follow LP's policies when performing their duties.
Business Expenses
Designated Use
Some of LP’s employees are provided with a Company credit card to use when traveling on the Company’s behalf.
Employee Responsibility
Employees are expected to only use the Company credit card for qualified business expenses.
All expenses must be:
Reasonable in amount
Supported by documentation
Submitted in a timely manner
Approved
Corporate Funds
Responsible Use
If you have responsibilities in the area of expenditure of Company funds, you are expected to ensure that funds are used only for purposes that are legal, ethical, further the aims of the Company, and do not violate provisions of the Code.
Purchasing Goods and Services
Decisions about the purchase of goods and services should be based upon quality, price, service, and reliability. Payments to suppliers will be made in accordance with agreed-upon terms of trade.
Frequently Asked Questions
Yes, all LP employees are personally responsible for ensuring that all business records are accurate, complete, and reliable. This same standard applies to all reports and records prepared for internal or external purposes.
Yes. All records must be above reproach and accurately kept. Even small discrepancies may raise concerns for our auditors.