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Code of Ethics for
Senior Officers*
In my role as principal executive
officer, Chief Executive Officer and
President of Magellan Midstream Holdings
GP, LLC (the "Company”), the general
partner of Magellan Midstream Holdings,
L.P. (the “Partnership”), I recognize
that my position holds an important and
elevated role in the governance of the
Partnership. I am uniquely capable and
empowered to ensure that stakeholders'
interests are appropriately balanced,
protected and preserved. Accordingly,
this Code of Ethics for Senior Officers
(“Code”) provides the following
principles and responsibilities
governing my professional and ethical
conduct, and to which I am expected to
adhere and advocate.
I certify that I adhere to and advocate:
-
Honest and
ethical conduct, including the
ethical handling of actual or
apparent conflicts of interest
between personal and professional
relationships;
-
Avoidance of
conflicts of interest, including
disclosure to the Chairman of the
Audit Committee of the Company, and
where applicable to the Chairman of
the Conflicts Committee of the
Company (as determined by the
Agreement of Limited Partnership of
the Partnership and the Limited
Liability Company Agreement of the
Company, then in effect) of any
material transaction or relationship
that reasonably could be expected to
give rise to such a conflict;
-
Full, fair,
accurate, timely and understandable
disclosure in reports and documents
that the Partnership files with, or
submits to, the U. S. Securities and
Exchange Commission and in other
public communications made by the
Company and the Partnership;
-
Compliance with
applicable governmental laws, rules
and regulations;
-
The prompt
internal reporting of Code
violations to the Chairman of the
Audit Committee of the Company; and
-
Accountability
for adherence to the Code.
/s/ Don R. Wellendorf
Dated: January 30, 2006
* Principal
Executive Officer, Principal Financial
Officer and Principal Accounting Officer
Code of Ethics for Senior Officers*
In my role as principal financial and
accounting officer, Chief Financial
Officer and Treasurer of Magellan
Midstream Holdings GP, LLC (the
"Company”), the general partner of
Magellan Midstream Holdings, L.P. (the
“Partnership”), I recognize that my
position holds an important and elevated
role in the governance of the
Partnership. I am uniquely capable and
empowered to ensure that stakeholders'
interests are appropriately balanced,
protected and preserved. Accordingly,
this Code of Ethics for Senior Officers
(“Code”) provides the following
principles and responsibilities
governing my professional and ethical
conduct, and to which I am expected to
adhere and advocate.
I certify that I adhere to and advocate:
-
Honest and
ethical conduct, including the
ethical handling of actual or
apparent conflicts of interest
between personal and professional
relationships;
-
Avoidance of
conflicts of interest, including
disclosure to the Chairman of the
Audit Committee of the Company, and
where applicable to the Chairman of
the Conflicts Committee of the
Company (as determined by the
Agreement of Limited Partnership of
the Partnership and the Limited
Liability Company Agreement of the
Company, then in effect) of any
material transaction or relationship
that reasonably could be expected to
give rise to such a conflict;
-
Full, fair,
accurate, timely and understandable
disclosure in reports and documents
that the Partnership files with, or
submits to, the U. S. Securities and
Exchange Commission and in other
public communications made by the
Company and the Partnership;
-
Compliance with
applicable governmental laws, rules
and regulations;
-
The prompt
internal reporting of Code
violations to the Chairman of the
Audit Committee of the Company; and
-
Accountability
for adherence to the Code.
/s/ John D. Chandler
Dated: January 30, 2006
* Principal
Executive Officer, Principal Financial
Officer and Principal Accounting Officer
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