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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.
Hear this out loud PauseBoard 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.
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.
In Missouri the vast majority of school boards consist of seven members. Most school board members serve three-year terms and school board elec?ons are held in April. There are no term limits for school board members in Missouri. School board members in Missouri receive no pay for their service.
Hear this out loud PauseThe Code of Conduct and Ethics for Directors (?Code?) describes the standards of conduct and ethical behaviour for Directors in the performance and exercise of their duties and responsibilities as Directors of the Company or when representing the Company.
Hear this out loud PauseFully participate in Board of Directors meetings and other public forums while demonstrating respect, kindness, consideration, and courtesy to others. Responsiveness and attentive listening in communication is encouraged. Prepare in advance of Board meetings and be familiar with issues on the agenda.