BPL » Topics » Audit Committee

These excerpts taken from the BPL 10-K filed Mar 2, 2009.

Audit Committee

        Buckeye GP has an Audit Committee (the "Audit Committee") composed of C. Scott Hobbs (Chairman), Mark C. McKinley, and Oliver G. "Rick" Richard, III. The members of the Audit Committee are independent, non-employee directors of Buckeye GP and are not officers, directors or otherwise affiliated with Buckeye GP or its parent companies, except that Mr. Richard serves on the Board of Directors and the Audit Committee of BGH's general partner. Buckeye GP's Board of Directors has determined that no Audit Committee member has a material relationship with Buckeye GP. The Board of Directors has also determined that Mr. Hobbs qualifies as an Audit Committee financial expert as defined in Item 407(d)(5) of Regulation S-K.

        The Audit Committee provides independent oversight with respect to our internal controls, accounting policies, financial reporting, internal audit function and independent auditors. The Audit Committee also reviews the quality, independence and objectivity of the independent and internal auditors. The Audit Committee has sole authority as to the retention, evaluation, compensation and oversight of the work of the independent auditors. The independent auditors report directly to the Audit Committee. The Audit Committee also has sole authority to approve all audit and non-audit services provided by the independent auditors. The charter of the Audit Committee is available at Buckeye's website at www.buckeye.com by browsing to the "Corporate Governance" subsection of the "Investor Center" menu.

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        The Audit Committee may act as a conflicts committee or a special committee at the request of Buckeye GP to determine matters that may present a conflict of interest between Buckeye GP or its parent companies and Buckeye.

        The Audit Committee has established procedures for the receipt, retention and treatment of complaints received regarding accounting, internal accounting controls or auditing matters and the confidential, anonymous submission by employees of concerns regarding questionable accounting or auditing matters. These procedures are part of the Business Code of Conduct and are available at Buckeye's website at www.buckeye.com by browsing to the "Corporate Governance" subsection of the "Investor Center" menu.

Audit Committee



        Buckeye GP has an Audit Committee (the "Audit Committee") composed of C. Scott Hobbs (Chairman), Mark C. McKinley, and Oliver G.
"Rick" Richard, III. The members of the Audit Committee are independent, non-employee directors of Buckeye GP and are not officers, directors or otherwise affiliated with
Buckeye GP or its parent companies, except that Mr. Richard serves on the Board of Directors and the Audit Committee of BGH's general partner. Buckeye GP's Board of Directors has
determined that no Audit Committee member has a material relationship with Buckeye GP. The Board of Directors has also determined that Mr. Hobbs qualifies as an Audit Committee financial
expert as defined in Item 407(d)(5) of Regulation S-K.



        The
Audit Committee provides independent oversight with respect to our internal controls, accounting policies, financial reporting, internal audit function and independent auditors. The
Audit Committee also reviews the quality, independence and objectivity of the independent and internal auditors. The Audit Committee has sole authority as to the retention, evaluation, compensation
and oversight of the work of the independent auditors. The independent auditors report directly to the Audit Committee. The Audit Committee also has sole authority to approve all audit and
non-audit services
provided by the independent auditors. The charter of the Audit Committee is available at Buckeye's website at
www.buckeye.com by browsing to the
"Corporate Governance" subsection of the "Investor Center" menu.



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HREF="#bg71401a_main_toc">Table of Contents




        The
Audit Committee may act as a conflicts committee or a special committee at the request of Buckeye GP to determine matters that may present a conflict of interest between
Buckeye GP or its parent companies and Buckeye.



        The
Audit Committee has established procedures for the receipt, retention and treatment of complaints received regarding accounting, internal accounting controls or auditing matters and
the confidential, anonymous submission by employees of concerns regarding questionable accounting or auditing matters. These procedures are part of the Business Code of Conduct and are available at
Buckeye's website at
www.buckeye.com by browsing to the "Corporate Governance" subsection of the "Investor Center" menu.



These excerpts taken from the BPL 10-K filed Feb 28, 2008.

Audit Committee

        The General Partner has an audit committee (the "Audit Committee") composed of C. Scott Hobbs (Chairman), Mark C. McKinley, and Clark C. Smith. The members of the Audit Committee are independent, non-employee directors of the General Partner and are not officers, directors or otherwise affiliated with the General Partner or its parent companies. The General Partner's board of directors has determined that no Audit Committee member has a material relationship with the General Partner. The board of directors has also determined that Mr. Hobbs qualifies as an audit committee financial expert as defined in Item 407(d)(5) of Regulation S-K.

        The Audit Committee provides independent oversight with respect to our internal controls, accounting policies, financial reporting, internal audit function and independent auditors. The Audit Committee also reviews the quality, independence and objectivity of the independent and internal auditors. The Audit Committee has sole authority as to the retention, evaluation, compensation and oversight of the work of the independent auditors. The independent auditors report directly to the Audit Committee. The Audit Committee also has sole authority to approve all audit and non-audit services provided by the independent auditors. The charter of the Audit Committee is available at the Partnership's website at www.buckeye.com.

        The Audit Committee may act as a conflicts committee or a special committee at the request of the General Partner to determine matters that may present a conflict of interest between the General Partner or its parent companies and the Partnership.

        The Audit Committee has established procedures for the receipt, retention and treatment of complaints we receive regarding accounting, internal accounting controls or auditing matters and the confidential, anonymous submission by our employees of concerns regarding questionable accounting or auditing matters. These procedures are part of the Business Code of Conduct and are available at the Partnership's website at www.buckeye.com.

Audit Committee



        The General Partner has an audit committee (the "Audit Committee") composed of C. Scott Hobbs (Chairman), Mark C. McKinley, and Clark C. Smith. The members of the
Audit Committee are independent, non-employee directors of the General Partner and are not officers, directors or otherwise affiliated with the General Partner or its parent companies. The
General Partner's board of directors has determined that no Audit Committee member has a material relationship with the General Partner. The board of directors has also determined that
Mr. Hobbs qualifies as an audit committee financial expert as defined in Item 407(d)(5) of Regulation S-K.



        The
Audit Committee provides independent oversight with respect to our internal controls, accounting policies, financial reporting, internal audit function and independent auditors. The
Audit Committee also reviews the quality, independence and objectivity of the independent and internal auditors. The Audit Committee has sole authority as to the retention, evaluation, compensation
and oversight of the work of the independent auditors. The independent auditors report directly to the Audit Committee. The Audit Committee also has sole authority to approve all audit and
non-audit services provided by the independent auditors. The charter of the Audit Committee is available at the Partnership's website at
www.buckeye.com.



        The
Audit Committee may act as a conflicts committee or a special committee at the request of the General Partner to determine matters that may present a conflict of interest between the
General Partner or its parent companies and the Partnership.



        The
Audit Committee has established procedures for the receipt, retention and treatment of complaints we receive regarding accounting, internal accounting controls or auditing matters
and the confidential, anonymous submission by our employees of concerns regarding questionable accounting or auditing matters. These procedures are part of the Business Code of Conduct and are
available at the Partnership's website at
www.buckeye.com.



This excerpt taken from the BPL 10-K filed Feb 26, 2007.

Audit Committee

The General Partner has an audit committee (the “Audit Committee”) composed of Brian F. Billings (Chairman), Edward F. Kosnik, Joseph A. LaSala and Jonathan O’Herron.  The members of the Audit Committee are independent, non-employee directors of the General Partner and are not officers, directors or otherwise affiliated with the General Partner or its parent companies. The General Partner’s board of directors has determined that no Audit Committee member has a material relationship with the General Partner. The board of directors has also determined that each of Messrs. Billings, Kosnik and O’Herron qualifies as an audit committee financial expert as defined in Item 407(d)(5) of Regulation S-K.

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The Audit Committee provides independent oversight with respect to our internal controls, accounting policies, financial reporting, internal audit function and independent auditors. The Audit Committee also reviews the quality, independence and objectivity of the independent and internal auditors. The Audit Committee has sole authority as to the retention, evaluation, compensation and oversight of the work of the independent auditors. The independent auditors report directly to the Audit Committee. The Audit Committee also has sole authority to approve all audit and non-audit services provided by the independent auditors. The Audit Committee also reviews grants of unit options under the Partnership’s unit option and distribution equivalent plan. The charter of the Audit Committee is available at the Partnership’s website at www.buckeye.com.

The Audit Committee may act as a conflicts committee or a special committee at the request of the General Partner to determine matters that may present a conflict of interest between the General Partner and the Partnership.

The Audit Committee has established procedures for the receipt, retention and treatment of complaints we receive regarding accounting, internal accounting controls or auditing matters and the confidential, anonymous submission by our employees of concerns regarding questionable accounting or auditing matters. These procedures are part of the Business Code of Conduct and are available at the Partnership’s website at www.buckeye.com.

This excerpt taken from the BPL 10-K filed Feb 27, 2006.

Audit Committee

The General Partner has an audit committee (the “Audit Committee”) composed of Brian F. Billings (Chairman), Edward F. Kosnik, Joseph A. LaSala and Jonathan O’Herron.  The members of the Audit Committee are non-employee directors of the General Partner and are not officers, directors or otherwise affiliated with the General Partner or its parent companies. The General Partner’s Board of Directors has determined that no Audit Committee member has a material relationship with the General Partner. The Board of Directors has also determined that each of Messrs. Billings, Kosnik and O’Herron qualify as an audit committee financial expert as defined in Item 401(h) of Regulation S-K.

The Audit Committee provides independent oversight with respect to our internal controls, accounting policies, financial reporting, internal audit function and the independent auditors. The Audit Committee also reviews the scope and quality, including the independence and objectivity of the independent and internal auditors. The Audit Committee has sole authority as to the retention, evaluation, compensation and oversight of the work of the independent auditors. The independent auditors report directly to the Audit Committee. The Audit Committee also has sole authority to approve all audit and non-audit services provided by the independent auditors. The charter of the Audit Committee is available at the Partnership’s website at

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