Sunoco 2014 Annual Report Download - page 150
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148
Approval and Review of Related Party Transactions
Our Partnership Agreement and the Omnibus Agreement each contain provisions for our Conflicts Committee, comprised
of our general partner's independent directors, to review transactions with related parties. In some cases, review is required and
in others, it is at the discretion of our general partner. Generally, transactions with related parties that are material to us are
referred to the Conflicts Committee for review and approval. In determining materiality, our general partner evaluates several
factors including the term of the transaction, the capital investment required, and the revenues expected from the transaction.
With respect to other related party transactions, we have in place a Code of Business Conduct and Ethics that is
applicable to all directors, officers and employees of the Partnership and its subsidiaries and affiliates, a Code of Ethics for
Senior Officers of the Partnership and its subsidiaries and affiliates, and a Conflict of Interest Policy applicable to all directors,
officers and employees of the Partnership and its subsidiaries and affiliates. Each of these policies requires the approval by a
supervisor, officer, or the Board, prior to entering into any related party transaction that could present a potential conflict of
interest. Each of the Partnership Agreement, Code of Business Conduct and Ethics, and Code of Ethics for Senior Officers is
publicly available on our website.