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This document presents a Code of Business Conduct and Ethical Behaviour for Directors, aiming to formalize standards of conduct and enhance public confidence in the integrity of the Corporation.

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How to fill out Code of Business Conduct and Ethical Behaviour for Directors

1. Start with a cover page including the title 'Code of Business Conduct and Ethical Behaviour for Directors'.
2. Provide a table of contents for easy navigation.
3. Write a preface outlining the purpose and importance of the Code.
4. Define key terms used throughout the document.
5. Outline the scope of the Code, specifying to whom it applies.
6. Include sections on compliance with laws and regulations, emphasizing the importance of legal adherence.
7. Detail ethical expectations in various areas, such as conflicts of interest, confidentiality, and proper use of company assets.
8. Provide guidelines for financial integrity, including accurate reporting and anti-fraud measures.
9. Address workplace conduct, including discrimination, harassment, and creating a respectful environment.
10. Include the procedures for reporting violations or unethical behavior.
11. Conclude with information on how the Code will be enforced and reviewed.
12. Ensure the document is reviewed and approved by legal counsel before distribution.

Who needs Code of Business Conduct and Ethical Behaviour for Directors?

1. The Code of Business Conduct and Ethical Behaviour for Directors is needed by all members of the board of directors.
2. It is also relevant for senior management and executives who interact with or report to the board.
3. Additionally, it may be beneficial for stakeholders, including employees and investors, to understand the ethical framework governing the board.

People Also Ask about

What are the 6 codes of conduct?

A code of conduct should include several key components, such as a message from the CEO, company values, guidelines for respecting other employees as well as clients/customers, procedures for reporting misconduct, consequences for code violations, and compliance resources.

What is the code of ethics and business conduct?

Codes of conduct refers to the policies that influence how employees and third parties are bound to conduct themselves in the business relationship. Codes of ethics are the rules that determine whether an act is right or wrong in an organization.

What is the code of conduct for ethical behavior?

A code of conduct is closely related to a code of ethics but there is a difference. A code of ethics is broader, providing principles that guide employee mindset and decision-making. A code of conduct is more prescriptive and contains specific rules for employee behaviour and actions.

What is the IOD code for directors?

As a director, I undertake to: • Exhibit high standards of personal conduct and professionalism. Consider the impact of my behaviour on employees, fellow directors and other stakeholders. Avoid behaviour which might adversely affect the reputation of my organisation, or which contradicts its values.

What is the code of business conduct and ethics?

The code of business conduct definition is the combination of an organization's standards established to be adhered to and observed by the organization itself and its employees. The code of business conduct entails the values, principles, and ethical standards in which an entity operates.

What are the 7 ethics of business?

There are seven principles of business ethics including accountability, care and respect, honesty, healthy competition, loyalty, transparency, and respect for the rule of law.

What is the code of ethics of that business?

A code of ethics for businesses is a set of principles companies provide to employees to help them approach their jobs with integrity. They usually include a company's core values, ways for employees to resolve problems and the performance standards staff members need to meet.

What is the personal code of ethics and the code of ethics in business?

A code of ethics is a collection of guiding expectations, principles and best practices for an individual or business. People can create a personal code to set intentions and clarify their goals, while a company can implement a professional code so all personnel can better adhere to a company's policy and standards.

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What is Code of Business Conduct and Ethical Behaviour for Directors?

The Code of Business Conduct and Ethical Behaviour for Directors is a set of guidelines and principles that govern the ethical conduct of directors in a company, ensuring transparency, integrity, and accountability in their actions and decisions.

Who is required to file Code of Business Conduct and Ethical Behaviour for Directors?

All directors of the company, as well as certain key management personnel, are required to file the Code of Business Conduct and Ethical Behaviour for Directors.

How to fill out Code of Business Conduct and Ethical Behaviour for Directors?

To fill out the Code of Business Conduct and Ethical Behaviour for Directors, individuals should read each section carefully, provide necessary personal information, acknowledge their understanding of the code, and sign where indicated to confirm their compliance.

What is the purpose of Code of Business Conduct and Ethical Behaviour for Directors?

The purpose of the Code of Business Conduct and Ethical Behaviour for Directors is to establish a standard of conduct that promotes ethical decision-making and practices, helps prevent unethical behavior, and enhances the reputation of the organization.

What information must be reported on Code of Business Conduct and Ethical Behaviour for Directors?

Directors must report any potential conflicts of interest, compliance with applicable laws and regulations, adherence to company policies, and any breaches of the code or unethical behavior encountered.