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

Board ethics in corporate responsibility involve setting and upholding ethical standards and practices within an organization. A corporate ethics officer might say, 'Our board's commitment to ethics ensures our operations align with our core values and societal expectations.'

Practice Scenarios

Business

Scenario:

We've noticed some potential conflicts of interest among board members. It's necessary to address this issue promptly

Response:

Absolutely, we need to uphold our board ethics and deal with any conflicts impartially and transparently.

Public-Policy

Scenario:

Policy change proposals are gaining traction. We need to ensure they align with our mission objectives.

Response:

Let's revisit our board-ethics to ensure our decisions are sustainable and meet community needs.