Company Communications, Disclosure and Insider Trading / Reporting Policy
Husky Energy Inc. has publicly traded securities and, therefore, must comply with certain legal and regulatory requirements regarding the public disclosure of Material Information and its directors, officers and employees must comply with insider trading and reporting requirements.
Code of Business Conduct
Husky and its employees will conduct themselves in accordance with the Husky Code of Business Conduct. As set out in the Code, employees are expected to accept certain responsibilities, adhere to acceptable legal business principles, and exhibit a high degree of personal integrity at all times. The Code sets out the standards an employee is expected to meet, and includes sections on compliance with laws, avoidance of conflict of interest, proper record-keeping, political contributions, safeguarding of company resources, fair competition, bribery or other offering of payments, and guidelines on accepting payments and entertainment.
Husky takes very seriously any allegation that an employee has not conducted him or herself in accordance with the Code of Business Conduct. Anyone who is concerned about a potential instance of non-compliance by a Husky employee or contractor is encouraged to discuss it with their supervisor or manager. If that is inappropriate, ineffective, or uncomfortable, you may report the potential non-compliance through the Ethics Help Line.
An employee who is found to have engaged in conduct contrary to the Code of Business Conduct will be disciplined, up to and including termination of employment for just cause.
Husky prohibits retaliatory action against any employee who, in good faith, reports a possible violation.
Summary of July 2020 Amendments
On July 29, 2020, the Board of Directors of Husky Energy Inc. approved a general update of its Code of Business Conduct (the "Code"). The following is a general summary of the principal areas of change:
- The section on political donations was updated to prohibit all political donations made on or on behalf of Husky. Husky previously allowed limited political contributions to be made on its behalf pursuant to rules and processes set out in Husky's Community Investment Policy. The Community Investment Policy has been revised to remove all references to political contributions and it was recommended that political contributions were more appropriately addressed in the Code. Following a review of corporate governance best practices, it was recommended that all political contributions be prohibited.
- A number of minor revisions were made for consistent formatting and definitions and to align with, and reflect changes to, other corporate policies.
Majority Voting Policy
The Board of Directors of Husky Energy Inc. has adopted a policy providing for majority voting for director elections at any meeting of the Company's shareholders where an uncontested election of directors is held.
Download the Company Communications, Disclosure and Insider Trading / Reporting Policy
Download the Code of Business Conduct