Loving this 16-page report from Labrador about “Modernizing Your Code of Conduct to Elevate Its Impact.” Here’s an excerpt about whether you should update your code of conduct:
- Have there been any changes in the organization, internal policies, or processes (e.g., merger and acquisition, leadership change, etc.)?
- Are there any new risks that have emerged (e.g., exploring new markets, introducing new products, utilizing new tools, changes in the risk environment, or stakeholder feedback)?
- Have there been significant changes in the company’s business environment (e.g., new legal requirements, public policy changes, or shifts in stakeholder expectations)?
- Does the Code of Conduct align with the current culture, values and identity of the company?
- Is it consistent with the company’s other publications (e.g., Annual report, Sustainability Report and related policies, Proxy Statement)?
- Can the readability and accessibility of the Code be improved, and is this a suitable time to do so (considering budget and resources)?
