What to include in a code of conduct

It is important organizations review and update their code of conduct from time to time, ensuring organizational standards are set to meet business needs.

In the July/August edition of the Director Journal’s column Directors’ Dilemma, Calgary partner Stephanie Stimpson addresses the question: “We are reviewing our code of conduct. Is there anything specific we should be including?”

Stephanie notes that the code of conduct review should include an examination of the organization’s director education program to make sure content about the code is effective and clearly addresses the director’s distinct fiduciary role.

“A current and tailored code of conduct, with robust training, compliance and complaint protocols, acts not only as a risk management tool, but also provides credibility for the organization with those third parties,” she said.

You can read the full column here.

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