Royal Business Society  ™ RBS

Ethics Standards for the Royal Business Society

1. Integrity and Honesty

Members shall conduct themselves with integrity and honesty in all business dealings, ensuring transparency and fairness in every interaction. Misrepresentation, deception, or fraud will not be tolerated.

2. Respect for Confidentiality

Members must respect the confidentiality of all sensitive business information, including trade secrets, personal data, and proprietary knowledge. Disclosure of confidential information without proper authorization is prohibited.

3. Accountability and Responsibility

Members are accountable for their actions and decisions, both within the organization and in their external business practices. They shall act responsibly and avoid conflicts of interest that may compromise their judgment or the interests of the organization.

4. Fair Competition

Members will engage in fair competition, avoiding any conduct that would undermine the principles of open markets and healthy business practices. They shall refrain from unfair practices, including price-fixing, collusion, or exploitation of market power.

5. Respect for Diversity and Inclusion

Members shall promote diversity and inclusion in all business activities, recognizing the value of differing perspectives, backgrounds, and experiences. Discrimination, harassment, or exclusion based on race, gender, religion, or any other characteristic is not acceptable.

6. Social and Environmental Responsibility

Members are encouraged to engage in business practices that are socially responsible and environmentally sustainable. They should strive to minimize the negative impact of their operations on society and the environment.

7. Ethical Leadership

Members are expected to lead by example, demonstrating the highest ethical standards in both personal and professional conduct. They should foster a culture of respect, collaboration, and ethical behavior within their organizations and the broader business community.

8. Commitment to Excellence

Members shall strive for excellence in their work and continuously seek to improve their skills, knowledge, and business practices. They should uphold the highest standards of quality and professionalism in their respective fields.

9. Transparency and Disclosure

Members shall provide accurate and truthful disclosures in all business communications, ensuring that stakeholders are well-informed about key decisions, policies, and operations. Any conflicts of interest or financial interests must be openly declared.

10. Compliance with Laws and Regulations

Members shall comply with all applicable local, national, and international laws, regulations, and standards governing their business activities. They must stay informed of legal requirements and ensure full compliance with industry-specific codes of conduct.

11. Conflict Resolution

Members shall resolve disputes or conflicts in a fair, impartial, and constructive manner. When conflicts arise, members should prioritize mediation and compromise over litigation, where appropriate, and work towards mutually beneficial solutions.