An ethics policy sets out the organisation’s commitment to high ethical standards and the management of integrity risks. It would usually detail how this will be governed, implemented and monitored.
The core element of an ethics programme will be a Code of Ethics (or similar document). Its main purpose is to provide guidance to staff.
The core element of an ethics programme will be a Code of Ethics.
The process for drawing up a code of ethics is critical in maximising its effectiveness.
A communications strategy for the ethics programme aims to raise awareness of the organisation’s values.
Ethics training raises awareness around the code, what is acceptable business practice and where support can be found.
Additional tools and mechanisms to keep the code alive and support staff to apply ethical values to the work they do.
The board needs to establish a programme of assurance to understand whether the organisation is living up to its ethical values.