Abyss Founder and Managing Director, Richard Nelson, has adopted the new Institute of Directors Code of Conduct for Directors, which was released in 2024.
The Institute of Directors has launched its Code of Conduct for Directors (opens PDF), a practical tool to help directors make better decisions.
It also provides organisational leaders with a behavioural framework that can help them build and maintain the trust of the wider public in their business activities.
The Code will help directors navigate the complex trade-offs that they deal with every day. And it will support them in becoming respected leaders who do the right thing for their organisations.
The Code represents a voluntary commitment and is not intended to hold back directors or create a new burden of compliance.
The six key principles of director conduct include:
Leading by Example: Demonstrating exemplary standards of behaviour in personal conduct and decision-making.
Integrity: Acting with honesty, adhering to strong ethical values, and doing the right thing.
Transparency: Communicating, acting and making decisions openly, honestly and clearly.
Accountability: Taking personal responsibility for actions and their consequences.
Fairness: Treating people equitably, without discrimination or bias.
Responsible Business: Integrating ethical and sustainable practices into business decisions, taking into account societal and environmental impacts.
By committing themselves to the code, directors will signal their willingness to apply high ethical and behavioural standards in their governance and leadership activities.
The kite mark seen here signals to everyone that IoD members who adopt the code apply the highest standards of conduct and are dedicated to upholding the principles of good governance.