What is the Code of Conduct?
The GARP Code of Conduct is a set of fundamental principles to assist financial risk management. The code was developed for the Financial Risk Manager (FRM) program and other certification programs administered by the Global Association of Risk Professionals (GARP).
The Code of Conduct stresses ethical behaviour in two areas:
(2) Professional Standards.
Why should business organisations adopt a code of conduct?
The code of conduct is seen as an opportunity to convey and drive business values and expectations by top companies. They know the code as a way to encourage a more ethical workplace atmosphere. However, it is easier said than done to create a genuinely effective and compelling code of conduct. Some best practices for writing more meaningful code are listed below.