FINANCIAL ETHICS FOR THE CHIEF EXECUTIVE OFFICER
AND SENIOR FINANCIAL OFFICERS
(Effective November 2018)
The Chief Executive Officer and each senior financial officer are responsible for full, fair, accurate, timely and understandable disclosure in: (a) the reports and documents that the Company files with, or submits to, the SEC, and; (b) MGLLC’s other communications with the public, including both written and oral disclosures, statements and presentations. It shall be the responsibility of the Chief Executive Officer and each senior financial officer to promptly bring to the attention of the MGLLC’s Board or Audit Committee any material information of which he or she may become aware that may render the disclosures made by the Company in its public filings or other public communications materially misleading, and to assist the MGLLC’s Board and Audit Committee in fulfilling their responsibilities.
The Chief Executive Officer and all senior financial officers shall not, directly or indirectly, take any action to coerce, manipulate, mislead or fraudulently influence any independent, public or certified public accountant engaged in the performance of any audit or review of the financial statements of MGLLC that are required to be filed with the SEC if such person knew (or was unreasonable in not knowing) that such action, if successful, could result in rendering such financial statements materially misleading. For purposes of this Code of Ethics, actions that “if successful, could result in rendering such financial statements materially misleading” include, but are not limited to, actions taken at any time with respect to the professional engagement period to coerce, manipulate, mislead or fraudulently influence, an auditor:
To issue a report on the MGLLC’s financial statements that is not warranted in the circumstances (due to material violations of generally accepted accounting principles, generally accepted auditing standards or other applicable standards);
Not to perform audit, review or other procedures required by generally accepted auditing standards or other applicable professional standards;
Not to withdraw an issued report; or
Not to communicate matters to the MGLLC’s Audit Committee.
The Chief Executive Officer and each senior financial officer shall promptly bring to the attention of the MGLLC’s Audit Committee any information he or she may have concerning:
Significant deficiencies or control weaknesses in the design or operation of internal control over financial reporting that are reasonably likely to adversely affect the Company’s ability to record, process, summarize and report financial information; or
Any fraud, whether or not material, that involves management or other employees who have a significant role in the Company’s internal control over financial reporting.
The Chief Executive Officer and each senior financial officer shall promptly bring to the attention of MGLLC’s General Counsel or the Chief Executive Officer or, where he or she deems it appropriate, directly to the MGLLC’s Board or Audit Committee, any information he or she may have concerning any violations of this Code of Ethics.
MGLLC intends to prevent the occurrence of conduct not in compliance with this Code of Ethics and to halt any such conduct that may occur as soon as reasonably possible after its discovery. Allegations of non-compliance will be investigated whenever necessary and evaluated at the proper level(s). Those found to be in violation of this Code of Ethics are subject to appropriate disciplinary action, up to and including termination of employment. Criminal misconduct may be referred to the appropriate legal authorities for prosecution.