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.
Maine General Code of Executive Ethics for all Corporate Executives and Members of the Board of Directors and Committees
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Here is a framework to help you establish a code of ethics for your own business:Define the company's priorities.Speak with employees about content to include.Underline acceptable workplace behavior.Note who is in charge of compliance.Get approval from management.Initiate a code program.
The code of ethics usually includes the six universal moral values that state you expect employees to be trustworthy, respectful, responsible, fair, caring and good citizens. You can also include values such as celebrating diversity, using green standards in the workplace, or dress codes.
What are the five codes of ethics?Integrity.Objectivity.Professional competence.Confidentiality.Professional behavior.
How to Write a Code of Ethics and Code of Conduct:Review your mission statement and core values.Talk to stakeholders.Review past ethical issues.See where other companies have faltered.Create a draft code for input and discussion.Create a final draft and share it.
It is divided into three sections, and is underpinned by the five fundamental principles of Integrity, Objectivity, Professional competence and due care, Confidentiality, and Professional behaviour.
Codes typically divide into three distinct elements: 1) an introduction or preamble, 2) a statement of purposes and values, 3) specific rules of conduct which may be subdivided in various ways, and 4) implementation of the code, which will define administrative processes, reporting, and sanctions.
Generally, a code of ethics should include the six universal moral values, where you state that you expect an employee to be trustworthy, respectful, responsible, fair, kind and good citizens. Honorable mentions include adding that your business celebrates diversity, green practices, and proper dress codes.
A code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organization's core values, and the standards to which the professional is held.
Of principles incorporate the characteristics and values that most people associate with ethical behavior.HONESTY.INTEGRITY.PROMISE-KEEPING & TRUSTWORTHINESS.LOYALTY.FAIRNESS.CONCERN FOR OTHERS.RESPECT FOR OTHERS.LAW ABIDING.More items...
The following are steps you can follow when drafting a code of conduct for your organization:Determine who will be included in the creation of your company's code of conduct.Consider any ethical issues that have occurred in the past.Create an outline.Discuss the draft with stakeholders.Compose the final draft.
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