board-ethics

Vocabulary Word

Definition

'Board-ethics' refer to a set of moral principles and standards guiding the decision-making processes and conduct of a board of directors in an organization. It helps ensure fair, honest, and responsible operations.

Examples in Different Contexts

In the context of transparency and accountability, board ethics dictate openness in operations and decision-making. A governance expert might discuss, 'Adhering to high ethical standards promotes transparency and accountability, building trust with stakeholders.'

Practice Scenarios

Academics

Scenario:

The university board is considering a tuition fee increase. We should make careful considerations to the potential impacts on students.

Response:

I agree, we must follow our board ethics to make decisions which are fair and in the best interest of our students.

Non-Profit

Scenario:

There's a proposal for a new fundraising initiative. Are we clear on its potential impacts on our reputation and legality?

Response:

Before moving forward, we should examine this proposal under the light of our board-ethics to ensure it aligns with our values and rules.