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.