This Code should be observed and practiced by every Director of ACCA in the letter and the spirit.

Ignorance of the Code will not be accepted as an excuse for its non-observance. Maintenance of a high standard of ethical practice is the direct responsibility of every Director.

The Directors of ACCA, therefore, adopt the following Code of Conduct as the appropriate standard of conduct that is to be observed by ACCA Directors. The principles below are based on the Australian Institute of Company Directors’ Code of Conduct.

1. A director must act honestly, in good faith and in the best interests of the company as a whole.

2. A director has a duty to use care and diligence in fulfilling the functions of office and exercising the powers attached to that office.

3. A director must use the powers of office for a proper purpose, in the best interests of the company as a whole.

4. A director must recognize that the primary responsibility is to the company members as a whole but should, where appropriate, have regard for the interests of all stakeholders.

5. A director must not make improper use of information acquired.

6. Confidential information received in the course of duties remains the property of the company and it is improper to disclose it unless that disclosure has been authorized, or is required by law.

7. A director must not take improper advantage of the position of director or opportunities arising from that position.

8. A director must disclose to the Board, as soon as it arises, actual or potential conflicts of interest which may exist or might reasonably be thought to exist between the interests of the Director or his associates and the interests of the other parties in carrying out the activities of the ACCA.

9. A director has an obligation to be independent in judgment and act with required care and diligence, in analysing proposals placed before the Board and be satisfied as to the soundness of all decisions taken by the board of directors.

10. A director should not engage in conduct likely to bring discredit upon the company.

11. A director has an obligation, at all times, to comply with the spirit, as well as the letter, of the law and with the principles of this Code.

12. A director shall not interfere with the day to day operation of a staff member.

Note: Any Director who breaches the Code of Conduct may face disciplinary action.

ACCA Directors code of conduct

amended and adopted at Board meeting 14 March 2015.