Principles of Non-Profit Conduct
.The general guidance on non-profit responsibilities includes:
- Public interest: This refers to the common well-being or general welfare of the community or general public. That was mentioned in mission statement.
- Integrity: Integrity is a concept of moral and ethical principles.
- Objectivity and independence: The principle of objectivity imposes the obligation to be impartial, intellectually honest, and free of conflicts of interest. If independence is impaired, then an opinion cannot be expressed and considered.
- Due care: Due care refers to the effort made by reasonable members to exercise ordinarily prudent standards for avoiding harm to others. It requires professional skepticism.
- Scope and nature of services. Any member in the nonprofit entity should observe the Principles of the Code of Professional Conduct.
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