South Dakota Codified Laws 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;
Terms Used In South Dakota Codified Laws 58-6A-3.10
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
(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.
Source: SL 2016, ch 232, § 12.