Survey Results: Code of Ethics for Directors

Providing practical guidance for over 50 years.

1. Does your company have a separate Code of Ethics - one for your Board of Directors and a separate one for your employees? (Total responses: n=76) (select only one)
n=21 (27.63%)	Yes
n=55 (72.37%)	No

2. If you answered 'yes' to question #1, why do you have a separate Code for directors? (Total responses: n=22) (select only one)
n=3 (13.64%)	Wanted to provide directors with a shorter code
n=4 (18.18%)	Different policies/standards apply to directors and employees
n=3 (13.64%)	Director code adopted solely to comply with SRO rules
n=10 (45.45%)	Content of employee code is not applicable to directors (e.g., environmental compliance for manufacturing companies)
n=0 (0.00%)	Wanted to provide a separate code for training purposes
n=2 (9.09%)	Other

3. If you answered 'no' to question #1, if your company uses one code for both employees and directors, are you considering separating the two? (Total responses: n=56) (select only one)
n=4 (7.14%)	Yes
n=52 (92.86%)	No