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Express, Evaluate, and Increase Responsibility Start by giving board members a clear understanding of what's expected of them. Many organizations use a statement of expectations or even a signed agreement to make responsibilities explicit.
Common Unethical Practices Your Board Should Avoid Financial Fraud. Financial fraud refers to deceptive practices or intentional misrepresentation of financial information ? deliberately deceiving stakeholders. ... Insider Trading. ... Bribery and Corruption. ... Conflict of Interest. ... Failure to Protect Stakeholder Interests.
Ethical Behavior for Board Members Is Culturally Driven Good values include traits like honesty, dignity, diversity, fairness, and respect for individual rights, to name a few. Integrity drives ethical behavior naturally.
Hear this out loud PauseFully participate in Board of Directors meetings and other public forums while demonstrating respect, kindness, consideration, and courtesy to others. Responsiveness and attentive listening in communication is encouraged. Prepare in advance of Board meetings and be familiar with issues on the agenda.
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.
They establish a vision for the public education system in their community, are responsible for hiring and evaluating the superintendent of schools, adopt policies and monitor district finances, among many other responsibilities. Every school district in Kansas is governed by a locally- elected board of education.
Hear this out loud PauseBoard members should be as open as possible about all the decisions and actions they make. They should give reasons for their decisions and restrict information only when the wider public interest clearly demands it. Honesty.
Hear this out loud PauseThe Code of Conduct and Ethics for Directors (?Code?) describes the standards of conduct and ethical behaviour for Directors in the performance and exercise of their duties and responsibilities as Directors of the Company or when representing the Company.