Quinex Energy Corporation (Quinex)
|Industry:||Oil & Gas|
|Matter Type:||DOJ Criminal|
|Relevant Jurisdiction(s):||THE UNITED STATES DEPARTMENT OF THE INTERIOR|
|Reporting Agencies:||Department of Interior|
|Resolution Form:||Compliance and Ethics Agreement|
|Agreement Date:||February 16, 2015|
|Monitor Reference Term:||Consultant|
|Monitorship Term:||3 Years|
|Monitor Selection Process:||
The DOl will endeavor to select a highly-qualified Monitor, free of any potential or actual conflict of interest, and suitable for the assignment at hand, from a pool of candidates proposed by Quinex.
|Time to Propose Monitors:||within 30 days|
|Time to Engage Monitor:||within 45 days|
|Time to First Report:||within 6 months|
|Monitor Required Qualifications:||
(i) prior monitorship or corporate oversight experience;
|Summary of Monitor's Scope:||
To verify and evaluate and monitor Quinex's compliance with the terms of this Agreement.
|Summary of Monitor's Activities:||
(1) The Monitor will verify Quinex's compliance with the term and conditions of the Agreement and evaluate the effectiveness of such compliance. The Monitor will design a work plan that generally outlines his or her expectations as to the amount and type of testing necessary for the Monitor to verify and evaluate Quinex's compliance with the terms of this Agreement. The Monitor will review the work plan with Quinex and the DOl, make any adjustments that the Monitor deems appropriate, and seek approval from the DOl prior to execution of the work plan,
The Monitor is an independent third party, and not an employee or agent of the Quinex. If the Monitor is an attorney, no attomey-client relationship will be formed or deemed to exist between the Monitor and Quinex.