Code of conduct for Directors
Directors are required to comply with this Code of Conduct (as varied by the Board from time to time). This Code of Conduct aims to assist Directors in effectively carrying out their duties and responsibilities effectively and with integrity. Failure to comply with this Code of Conduct may result in a Director being removed from the Board.
Conduct
It is expected that Directors will:
- take responsibility for contributing in a constructive, courteous and positive way to enhance good governance and the reputation of ACEN;
- act ethically, with honesty and integrity, in the best interests of ACEN at all times;
- contribute actively to all aspects of their role on the ACEN Board;
- should not miss more than two Board meetings without an adequate excuse.;
- make decisions fairly, impartially and promptly, considering all available information;
- treat colleagues with respect, courtesy, honesty and fairness, and have proper regard for their interests, rights, safety and welfare;
- contribute to a harmonious, safe and productive board environment/culture through professional relationships; and
- not make improper use of their position as a Director to gain an advantage for themselves or for any other person.
Communication and official information
It is expected that Directors will:
- not disclose official information or documents acquired through membership of the Board, other than as required by law or where agreed by decision of the Board;
- not make any unauthorised public statements regarding the business of ACEN;
- support and adhere to the formal decision of the Board made in its meetings; and
- respect the confidentiality and privacy of all information as it pertains to individuals.
Financial accountability
It is expected that Directors will:
- be accountable for official expenditure;
- adhere to Financial Procedures as approved by the Board; and
- act in a financially responsible manner, applying due diligence to the scrutiny of financial reports, audit reports and other financial material that come before the Board.
Conflict of Interest
It is expected that Directors will:
- disclose any personal or business interests which may give rise to actual or perceived conflicts of interest;
- declare any conflict of interest between personal business and their duty as a Director;\
- ensure personal or financial interests do not conflict with their ability to perform official duties in an impartial manner; and
- where conflicts of interest do arise, ensure they are managed in an appropriate and timely manner in the interest of ACEN.
Approved at the ACEN Board meeting February 2019