This due diligence form describes the General Code of Executive Ethics for all Corporate Executives and Members of the Board of Directors and Committees that has been adopted by the board of directors of a company. It reflects the company's vigorous and ongoing commitment to the highest ethical standards for its executives, officers, and board and committee members.
Kansas General Code of Executive Ethics for all Corporate Executives and Members of the Board of Directors and Committees
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FAQ
ShareSelflessness. Board members should make decisions in terms of the public interest.Integrity.Objectivity.Accountability.Honesty.Leadership.
Examples of ethical behaviors in the workplace includes; obeying the company's rules, effective communication, taking responsibility, accountability, professionalism, trust and mutual respect for your colleagues at work.
The board of directors is responsible for setting ethical standards and values, and ensuring that they are embedded in and become part of the DNA of their organisation. An ethical business should be a more sustainable business.
Seven golden ethical principlesBe an ethical leader.Use moral courage.Consider personal and professional reputation.Set the right tone at the top.Maintain an enquiring mindset.Consider the public interest.Consider 'the right, the good and the virtuous' actions"
Tasks of the boardestablishing vision, mission and values.setting strategy and structure.delegating to management.exercising accountability to shareholders and being responsible to relevant stakeholders.
Examples of Evidence of Ethical Responsibilitycollaborations, partnerships, teamwork.service learning.volunteerism.social/political action activities, community advocacy, social advocacy.leadership roles.ethical training certificates.teaching others, conducting trainings, leading workshops.More items...
A corporate code of ethics is a statement of business guidelines meant to inform worker behavior and prevent behavior that does not fall in line with the company's mission and greater objectives. Ethical codes, also called codes of conduct, can vary significantly from one company to another.
What are the five codes of ethics?Integrity.Objectivity.Professional competence.Confidentiality.Professional behavior.
PRINCIPLESPrinciple 1 PUBLIC.Principle 2 CLIENT AND EMPLOYER.Principle 3 PRODUCT.Principle 4 JUDGMENT.Principle 5 MANAGEMENT.Principle 6 PROFESSION.Principle 7 COLLEAGUES.Principle 8 SELF.
-A board of directors has three formal responsibilities. §Appoint the officers of the firm. A§Declare dividends. A§Oversee the affairs of the corporation.