Get the free CODE OF BUSINESS CONDUCT AND ETHICS - Novagold

CODE OF BUSINESS CONDUCT AND ETHICS NOVGOROD RESOURCES INC. and its subsidiaries (collectively NOVGOROD) are committed to the highest standards of legal and ethical business conduct. This Code of

How to fill out code of business conduct

How to fill out a code of business conduct:

1. Start by clearly defining the purpose and scope of the code. This involves identifying the key ethical principles, values, and behavior standards that should be followed by all employees.
2. Engage all stakeholders in the development process. This includes management, employees, legal counsel, and other relevant parties. Seek their input and feedback to ensure the code is comprehensive and reflects the organization's culture and values.
3. Provide a clear and concise statement of the expected behavior. Use language that is easy to understand and avoids jargon or technical terms. This will help employees understand their responsibilities and obligations under the code.
4. Include specific guidelines and examples of prohibited behavior. This helps to clarify what is considered unacceptable and ensures consistency in addressing potential violations. Provide examples that relate to the organization's specific industry or sector.
5. Outline the reporting process for potential violations or concerns. Specify who employees should contact and how they can report any ethical concerns or misconduct. Ensure that the reporting process is confidential, protected against retaliation, and accessible to all employees.
6. Establish clear consequences for violations of the code. This may include disciplinary actions, such as warnings, suspensions, or termination. Make sure the consequences are fair, consistent, and aligned with the severity of the violation.

Who needs a code of business conduct?

1. All employees: A code of business conduct applies to all employees within the organization, regardless of their position or level of authority. It sets the expectations for ethical behavior and serves as a guide for their actions.
2. Management and executives: Leaders within the organization have a responsibility to uphold and enforce the code of conduct. They should lead by example and ensure that ethical behavior is promoted and recognized throughout the company.
3. Contractors and business partners: It is essential to extend the code of conduct to contractors, suppliers, and other business partners who work with the organization. This helps to ensure consistency in ethical standards and values across all aspects of the business.
4. Stakeholders and shareholders: A code of business conduct helps to establish trust and confidence among stakeholders and shareholders. It demonstrates the organization's commitment to ethical practices and responsible behavior, which can positively impact its reputation and relationships with external parties.
5. Regulatory bodies and legal requirements: Many industries are subject to specific regulatory requirements regarding ethical behavior and compliance. A code of conduct helps the organization demonstrate its commitment to meeting these legal obligations and avoiding potential penalties or legal issues.

In summary, a code of business conduct should be carefully developed and implemented to guide employees' behavior and promote ethical practices within the organization. It is essential for all employees, as well as management, contractors, stakeholders, and regulatory bodies.

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What is code of business conduct?

The code of business conduct is a set of guidelines and rules that outline the ethical standards and expectations for behavior within a company.

Who is required to file code of business conduct?

All employees, including executives, managers, and staff members, are required to adhere to the code of business conduct.

How to fill out code of business conduct?

Employees can fill out the code of business conduct by reading and understanding the guidelines, signing an acknowledgment form, and agreeing to comply with the standards.

What is the purpose of code of business conduct?

The purpose of the code of business conduct is to promote ethical behavior, integrity, and transparency within the organization.

What information must be reported on code of business conduct?

The code of business conduct typically includes information on conflicts of interest, confidentiality, harassment policies, and reporting procedures for unethical behavior.