• 29 Jul 2024
  • Online

IoD Scotland Code of Conduct Consultation

Find out more about the IoD's Code of Conduct for Directors and share your thoughts.

On 6 June 2024 the IoD published a consultation document on its voluntary Code of Conduct for Directors, which is designed to provide practical aid to key decision making. Following on from this it has been working to source feedback from across the UK.

The IoD's Code of Conduct for Directors is a practical tool to help directors make better decisions, providing a behavioural framework that can help them build and maintain the trust of the wider public in their business activities. The Code of Conduct was developed for the IoD by a Commission chaired by Lord Iain McNicol of West Kilbride, and was published with the support of BDO. The six key 'Principles of Director Conduct' are:

  • Leading by Example – demonstrating exemplary standards of behaviour in personal conduct and decision-making.
  • Integrity – acting with honesty, adhering to strong ethical values, and doing the right thing.
  • Transparency – communicating, acting and making decisions openly, honestly and clearly.
  • Accountability – taking personal responsibility for actions and their consequences.
  • Fairness – treating people equitably, without discrimination or bias.
  • Responsible Business – integrating ethical and sustainable practices into business decisions, taking into account societal and environmental impacts.

As part of seeking feedback on the Code of Conduct, the IoD is particularly keen to get insights from those in the devolved nations. This session is intended to provide a forum for Scottish members to discuss the Code and to share their thoughts as part of the public consultation process.We also welcome written feedback and invite members and non-members to share their thoughts either via a survey or via email.

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