Public and client confidence in
the Institute is dependent on Members acting professionally and
ethically in all their dealings. This Code of Professional Conduct
establishes the minimum standards of behaviour required of Members.
Members are expected to be familiar
with the Code and compliance is mandatory for all Members.
Non-compliance may result in disciplinary action.
3. Disciplinary Action and Penalties
of the public or the Institute may make a compliant about a Member's
behaviour to the National Secretary. The complaint is then processed as
set out in clause 29 if the Constitution of the IMCNZ 28 May 2003. The
penalties for breaches of the Code include:
- Apology to complainant
- Publication of name in IMCNZ newsletter
- Payment of disciplinary hearing costs
- Suspension of membership
- Expulsion from the Institute
4. The Code
A Member will treat client
information as confidential and will not take personal advantage of
privileged information gained during an assignment, or enable others to
A Member will not
encourage unrealistic client expectations or promise clients that
benefits are certain from specific management consulting services.
Commissions and Financial Interests
A Member will
not accept commissions, remuneration or any other benefits from a third
party in connection with recommendations to a client without the
client's knowledge and consent. A Member will disclose any financial
interest in goods or services which form part of such recommendations.
A Member will accept only assignments for which they have the skills and knowledge to perform.
A Member will avoid
acting simultaneously in potentially conflicting situations without
informing all parties in advance that this is intended.
Conferring With Client
A Member will ensure that
before accepting an assignment, a mutual understanding of the
objectives, scope, work-plan and fee arrangements has been established
and that any personal, financial or other interests which might
influence the conduct of the work have been disclosed
Objectivity of Advice
A Member will provide advice to clients that is objective and independent
A Member will ensure that assignments
are undertaken in a timely manner, in accordance with the work-plan
agreed with the client.
A Member will refrain from inviting an
employee of a client to consider alternative employment without prior
discussion with the client.
A Member will maintain a
fully professional approach in all dealings with clients, the public and
fellow Members. In support of this Members must not:
- Engage in any activity, which might impair their judgement
- Make false or misleading statements
- Act in any way, which discredits the Institute.