Indiana Conduct Policies for Board Members

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

The only limitation for the size of a board of directors in Indiana is the requirement of a minimum of three members. The size of the board may exceed fifty members, depending on the size of the organization it is governing and the number of tasks set out before it.

Board 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.

Types of codes of conduct integrity. objectivity. competence. confidentiality. professionalism.

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.

Refusing to accept or complete tasks. failing to disclose conflicts of interest. monopolizing board discussions, or simply not participating in the conversation at all. behavior disrespectfully toward the board president and other members.

5 Tips For Dealing With Difficult Board Members Confront the issue head on?. and in person. Focus on the organization not the person. Use specific examples. Use ?I-messages? Listen.

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.

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Indiana Conduct Policies for Board Members