A good, sustainable business insists upon lawful and ethical behavior by all employees, officers and members of the board of directors.

Dominion’s Ethics Program is designed to prevent and detect violations of law, regulations and policies. The board of directors, the CEO and all Dominion employees share the responsibility for integrating ethical conduct into the company’s culture and operations. The Ethics Program includes the following key components:

• A companywide Code of Ethics;
• Employee training;
• Strict adherence to regulatory compliance initiatives;

• An annual Compliance Survey;
• Resources for employees on compliance issues;
• Mechanisms for reporting violations anonymously; and
• An ethics Web site for employees.

The Audit Committee of the board oversees the Ethics Program. The company’s General Counsel serves as Chief Compliance Officer, and other company officers and compliance attorneys ensure that Dominion’s business units comply with all relevant laws, regulations and standards.

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All Dominion employees share the responsibility for integrating ethical conduct into the company’s operations. Power scheduler Laurie Bowes, above,
plans day-ahead bids for the PJM market.

Craig Ivey, senior vice president-Transmission &
Distribution, discusses emergency preparedness.

Training courses make sure that Dominion’s employees, officers and board members own and understand key provisions of the Ethics Program and Code of Ethics. Each year, non-union employees complete a Compliance Survey that covers virtually every form of personal and corporate conduct — from compliance with employment laws to financial disclosure and reporting, securities trading, conflicts of interest, environmental compliance, and much more.

Employees are asked to report suspected misconduct or illegal activities. A confidential telephone hotline and Internet site are available for reporting ethical violations.

Retaliation for good-faith reporting is strictly prohibited.

The Law Department evaluates the Ethics Program periodically to make sure it is working as intended. Program initiatives in 2007 included new federal regulatory compliance training, online conflict of interest training, specialized ethics training for employees and contractors, and enhanced employee communications.

		Corporate Governance