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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.
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.
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.
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.
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.
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.
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.