ABF101 Best Practice Framework™PURPOSE
This Code of Ethics Statement is intended to provide clarity for the market and professional members over expectations, the spirit of relationships and a guideline to problem-solving during member involvement in advisory boards. A role in supporting and contributing to an organisation’s advisory board requires careful consideration in upholding the reputation of the organisation as well as individual professionals. From the way practitioners work in the boardroom, to discussions with management, other advisors and networks – personal ethics are always a consideration.
IT’S ABOUT DOING THE RIGHT THING
The strength of the advisory board is the strength of the collective knowledge and sharing of relevant experience. The Code of Ethics guidelines are intended to be a foundation for further discussion and contextualisation. No guideline can address every issue or situation. The Code of Ethics is not a substitute for good judgement, transparent communication and proper business conduct. It is also not intended to replace or circumvent any specific codes of conduct or terms of engagement applicable to individual advisory engagements,
WORKING WITH THE ADVISORY BOARD CENTRE
- Avoiding conflict of interest with other advisors and organisations that individuals are associated with
- Honouring the organisation’s right to choose advisors that meet their need
- Managing relationships respectfully
- Participating in transparent communication
CODE OF ETHICS STATEMENT
The Code of Ethics is in line with the ABF101: Advisory Board Best Practice Framework™ for advisors. Each principle is addressed within the Code of Ethics Resources.
-
Clarity of Scope
Commitment
Social Responsibility
Promote Ethical Practice -
measurement
Focus on Impact
Monitor and Review
Boundaries -
structure and discipline
Meet Obligations
Professional Behaviour
Community Relationships -
independence
Role Clarity
Doing the Right Thing -
fit for purpose
Maintain Competence
Respecting Others & Diversity
Ongoing Development
