Leading Boards N°1 Basics on Boards of Directors | Page 12
For this to happen , all directors and employees must be aware about the Code and respect it in all times and places .
The Code can also by useful for a company in times of change when the law may be vague or uncertain .
Creating a code starts by understanding the roles and responsibilities of the Board members and implementing the company ’ s core values at the Boards level . The Code must be the outcome of active board participation where the roles , responsibilities , expectations and values are discussed and voted . For such discussions and debates , why not use a Board portal where all members can participate , share their arguments and information , by a secure way online .
To conclude , each Code is unique to each company but they all include core values such as honesty , fairness and confidentiality . The Code must also evolve following the changes of the company and its environment . The Board must regularly review and adjust it .
For this to happen , all directors and employees must be aware about the Code and respect it in all times and places .
The Code can also by useful for a company in times of change when the law may be vague or uncertain .
Creating a code starts by understanding the roles and responsibilities of the Board members and implementing the company ’ s core values at the Boards level . The Code must be the outcome of active board participation where the roles , responsibilities , expectations and values are discussed and voted . For such discussions and debates , why not use a Board portal where all members can participate , share their arguments and information , by a secure way online .
To conclude , each Code is unique to each company but they all include core values such as honesty , fairness and confidentiality . The Code must also evolve following the changes of the company and its environment . The Board must regularly review and adjust it .