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standards and values

The IBE 9 Step Model for developing and implementing a code

As well as its content and format, the process for developing and implementing a code of ethics is critical in maximising its influence on business behaviour at all levels and in all functions. The IBE 9 Step Model lays out the steps to do this effectively 

1. Understand your context
At the outset, it is necessary to understand the catalyst for the code. Knowledge of this will help you create an appropriate framework to develop your code.2. Establish board level supportCorporate values, ethics and culture are matters of governance. Without senior leadership endorsement, embedding a code of business ethics is unlikely to be effective. 3. Articulate your core (ethical) valuesEnsure that your organisation has articulated its core values. Ethical values in particular should form the basis of the code and guide employee decision-making through ethical dilemmas. 4. Find out what bothers peopleIt is important to find out what issues are of particular relevance to your employees and sector, so copying the code of another organisation is not the way to proceed. 5. Choose your approachCodes can be structured according to stakeholders, issues, values or in a ‘hybrid’ way. Each organisation will need to choose which model best suits its individual requirements. 6. Draft your codeThe drafting of the code should produce a document which is clear, inclusive and accessible. It should be principles-based, give guidance to staff and detail who to ask when unsure of the right way forward. 7. Test itTo ensure your code is fit for purpose, it needs to be piloted with a cross-section pf employees drawn from different locations and levels of employment.