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Code of Business Conduct and Ethics for Directors

Code of Business Conduct and Ethics for Directors

Name: Code of Business Conduct and Ethics for Directors
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.56 (293 reviews)

Category:

Corporations - Officers and Employees

State:

Multi-State

Control #:

US-0859BG

Format:

Instant download

Description

The concept of a Code of Business Conduct and Ethics for Directors refers to policy statements of corporations that define ethical standards for their conduct. There is a great variance in the ways these statements are drafted. Corporate codes of conduct can take a number of formats and address any issue - workplace issues and workers' rights being just one possible category.

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FAQ

Directors, officers and employees are expected to comply with all laws, rules and regulations applicable to the Company's activities. Observance of Ethical Standards. Directors, officers and employees must adhere to high ethical standards in the conduct of their duties. These include honesty and fairness.

A code of conduct, also called a statement of values or code of ethics, is a policy that outlines the principles and standards that your nonprofit board members must follow. Your code of conduct should reflect your nonprofit's mission and values and connect them to professional behavior standards.

As a director, I agree to: Act honestly, in good faith and in the best interest of my organisation. Place the interests of the organisation above my personal interests. Be open and transparent to the rest of the board in respect of my personal interests and activities. Exercise independent judgment.

As a Director, you are expected to: 1. Act with honesty and integrity: be open and transparent in your dealings; ? use power responsibly; ? ensure that any possible conflict of interest is disclosed or avoided; ? strive to earn and sustain public trust and the trust of the Society's membership at a high level.

Failure to Meet Fiduciary Duties Reviewing financial statements. Travel and expense reimbursement policies. Whistleblower policies. Overseeing audits. Overseeing investments. Failure to set reasonable compensation for the executive director and to review their performance.

Conduct fair business transactions and ensure that personal interest does not bias Board decisions, nor would the position be used to seek an undue advantage for yourself, family members and associates. Where possible, avoid situations that would compromise his impartiality or give rise to a conflict of interest.

A code of conduct should guide sound decision-making and behaviour and summarise which priorities are essential to your organisation. Since the board of directors helps set the organisation's tone from the top, a good code of conduct can help foster a climate of ethical leadership.

More info

This Code is intended to focus the Board and each director on areas of ethical risk, provide guidance to directors to help them recognize and deal with ethical. In furtherance of this commitment, the Board of Directors (the "Board") promotes ethical behavior, and has adopted this Code of Business Conduct and Ethics.This Code is intended to provide Directors guidance with respect to recognizing and handling areas of ethical issues, information on how to report unethical. Accordingly, this Code is intended to focus directors on areas of ethical risk, and provide guidance to directors to help them recognize and deal with ethical. No code can offer a complete guide to cover all situations that might arise, and. The Code is general in nature and not intended to be all inclusive. Under New York law, Directors are subject to the fiduciary duty of care and duty of loyalty to ASCAP and all of its members ("Members"). Each officer, director and employee should respect the rights of and deal fairly with the Company's customers, suppliers, competitors and employees. Under New York law, Directors are subject to the fiduciary duty of care and duty of loyalty to ASCAP and all of its members ("Members"). This Code applies to all directors, officers, independent contractors and employees ("Employees") of Element Fleet.

Code of Business Conduct and Ethics for Directors

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