Sasha Trapani
Senior Press and Policy Officer, Institute of Directors
Responsible directors are crucial for the future of work, and our new Code of Conduct supports them in fostering trust and driving positive change.
In today’s rapidly evolving business landscape, the role of directors has never been more crucial. They are key to ensuring that businesses not only thrive but also contribute positively to society. Directors’ decisions impact not just their organisations, but also employees, customers and the broader community.
Impact of organisation directors
Directors are at the helm of making decisions that shape the success and ethical standing of their companies. When directors lead with integrity, they foster trust and confidence among stakeholders, which is essential for the long-term success and sustainability of any business.
However, scandals and controversies have shown the negative consequences that occur when business leaders fall short of societal expectations. Such incidents have eroded public trust and highlighted the need for a renewed focus on ethical leadership. Business can and should be a force for good, and this is where responsible directors play a pivotal role.
Directors must navigate complex situations where the right path is not always clear.
Code of Conduct for Directors
Our recently published ‘Code of Conduct for Directors’ underscores the importance of integrity and ethical behaviour. This Code provides a practical framework to help directors navigate complex challenges and make decisions that uphold high standards of professional ethics. It is a voluntary commitment designed to complement existing legal and regulatory responsibilities, setting a bar for conduct that goes beyond mere compliance.
Moreover, directors must navigate complex situations where the right path is not always clear. They are often subject to high levels of public scrutiny, both from within their organisations and in the media. This scrutiny underscores the importance of maintaining high standards of conduct and making informed decisions.
Directors must shape moral standards
The Code emphasises the role of directors in shaping corporate culture. Directors are expected to define and embed the values of their firms while upholding high ethical standards. This is particularly important as businesses navigate the complexities of the modern workplace, where competing interests and stakeholder demands must be balanced. The future of work depends on responsible directors who are committed to ethical leadership and fostering a positive culture.
