Arizona Conduct Policies for Board Members

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Multi-State
Control #:
US-ENTREP-0021-2
Format:
Word; 
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Description

The Directors and Senior Management Executives shall act in accordance with the highest standard of honesty, integrity, fairness and ethical conduct and shallexercise utmost good faith, due care and integrity in performing their duties.
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FAQ

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.

A code of conduct guides the behavior of your board members, and it serves as a set of principles to guide their decision-making and other activities. Your code of conduct policy ensures that your board members are accountable for the decisions and choices they make.

Ethical Behavior for Board Members Is Culturally Driven Ethical behavior means acting ing to what society, individuals, and businesses generally accept as good values. Good values include traits like honesty, dignity, diversity, fairness, and respect for individual rights, to name a few.

This Code is intended to focus directors, officers and employees on areas of ethical risk, provide guidance to help them recognize and deal with ethical issues, provide mechanisms to report unethical conduct, foster a culture of honesty and accountability, deter wrongdoing and promote fair and accurate disclosure and ...

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.

So, we can see that a code of conduct is a written statement that sets out the rules and conditions around being a board member, that each board member should be aware of, the company values, and how these terms may be enforced.

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.

Honesty, integrity, transparency, confidentiality, and equity are each examples of values that are typically expressed in a charitable nonprofit's code of ethics - but there may be other values that are very important to your nonprofit - and you may wish to spell those out so that the donating public, prospective ...

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Arizona Conduct Policies for Board Members