IoD Commission: A Code of Conduct for Directors
Building trust in business leadership
The IoD has established a Commission to develop a Code of Conduct for Directors. The Commission is being chaired by Lord Iain McNicol, and consists of 16 leading figures from the worlds of business and public affairs. The Commission will run between September 2023 and March 2024, and report its findings in April 2024.
The IoD’s vision is for board members from all types of corporate entity to sign up to the Code of Conduct on a voluntary basis. By committing themselves to the code, directors will signal their willingness to apply high ethical and behavioural standards in their governance and leadership activities.
Develop
Develop a credible code of conduct for directors that is recognised and supported by the business community and wider society.
Apply
Identify practical, non-statutory mechanisms through which signatories can be held accountable in respect of their code commitments.
Promote
Recommend how the application of the code might be promoted and adopted across the UK business community.
Commissioners
The IoD Commission consists of the following commissioners:
Enterprise and integrity
Lord Iain McNicol of West Kilbride, and Dr Roger Barker, IoD Director of Policy and Governance, explain the purpose and vision of the Commission.
Simple, but effective
Anne Fairweather, Head of Government Affairs and Public Policy at Hargreaves Lansdown, on the importance of clear guidance.
Balanced and practical
Dr Ian Peters, Director at the Institute of Business Ethics, explains his hopes for the Commission.
A fresh look
Alex Tamlyn, Chair of the Boardroom Counsel and Partner at DLA Piper, on the need for a contemporary Code.
Contacting the Commission
Enquiries regarding the Commission’s activities can be directed to the IoD Press office at [email protected].
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