This Code of Ethics shall be the basis of conduct, business principles and ideals for the members of the Landman’s Association of North Dakota; and it shall be understood that conduct of any member of this association inconsistent with the provisions set forth here shall be considered unethical and said individual’s membership status shall be subject to review for possible disciplinary action.
In the area of human endeavor involving trading under competitive conditions, ethical standards for fair and honest dealing can be made meaningful by an association organized and dedicated not only to the definition, maintenance and enforcement of such standards, but to the improvement and education of its members. Such is the objective of the Landman’s Association of North Dakota and such is its public trust.
It shall be the duty of the Landman at all times to promote and, in a fair and honest manner, represent the industry to the public at large with the view of establishing and maintaining goodwill between the industry and the public. The landman, in his/her dealings with landowners and others outside the industry, shall conduct himself/herself in a manner consistent with fairness and honesty, such as to maintain the respect of the public.
Competition among those engaged in the mineral and energy industries shall be kept at a high level with a careful adherence to established rules of honesty and courtesy. A landman shall not betray his/her employer’s (or clients) trust by directly turning confidential information to personal gain. The landman shall exercise the utmost good faith and loyalty to his/her employer (or client). The landman shall represent to others his/her area of expertise and shall not represent himself/herself to be skilled in professional areas in which he/she is not professionally qualified