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Nov 18, 2024

One of the most constructive and proactive ways a board can send a message that its organization is committed to accountability, responsiveness, and stewardship is to draft a code of ethics to guide its board and staff in their activities and behavior. A code of ethics may not prevent wrong doing and unethical behavior but it makes known the organizational beliefs and values and it clarifies the consequences if someone errs on the wrong side of the fence.

Considerations when developing a code of ethics:

R. Michael Sorrells, CPA
Nov 4, 2024

501(c)(6) trade associations are non-charitable tax exempt organizations generally organized to promote and further the interests of a particular industry or type of business with members who are engaged in that trade or business or work closely with it.  A perfect example is the Greater Washington Society of CPAs whose members are CPAs, financial executives and vendors to the financial industry. 

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