Code of Conduct/Code of Ethics
The recent swearing in of the new Federal Cabinet (Fall 2015) brought to mind the importance of the members of any organization formally committing to conduct themselves in the best interests of the organization. Board member conflict of interest is a frequent concern voiced by condominium owners.
Both the Board Development Program (BDP) and Canadian Condominium Institute (CCI) recommend that condominium boards adopt, and board members should sign, a Code of Conduct or Code of Ethics.
In COF’s opinion people considering running for a board should read the code of conduct or ethics before they put their names forward to run for a board position. It is good practice to advise all candidates for the board that owners have an expectation they will sign the code.
COF recommends that an action item for the first / orientation meeting after the election of a board should discuss and ensure the members understand the Code of Conduct / Code of Ethics. As a sign of commitment each board member should sign the Code at that time.
COF further recommends that the new board review the condominium bylaws, existing policies, major contracts and commitments and receive a timely financial update at the inaugural meeting of a new Board.
- Does your board use a Code of Conduct / Code of Ethics?
- If not, should it?
- What should the board do if a board member refuses to sign?
Board members have legal responsibilities to act in the best interests of the organization.