The Institute of Directors shаll adhere to promotion and respect of three core values:
  1. Integrity
  2. Professionalism
  3. Respect of interest of the company and it’s stakeholders
In order to implement its mission, the Institute of Directors requires from its members to behave and exercise their power in an ethical manner.

The principlеs of ethical behavior are summarized in the following Code of Conduct:

  • A director must act honestly, in good faith and in the best interests of the company as а whole.
  • A director has a duty to use due care and diligence in fulfilling the functions of office and exercising the powers attached to the office
  • A director must use the power of office for a proper purpose, in the best interests of the company as a whole and to all company’s shareholders, but should, where appropriate, have regard for the interests of all stakeholders of the company.
  • A director must not make improper use of information acquired as a director.
  • A director must not take improper advantage of the position of director.
  • A director must not allow personal interests, or the interests of any associated person, to conflict with the interests of the company.
  • A director has an obligation to be independent in judgment and actions and to take all reasonable steps to be satisfied as to the soundness of all decisions taken by the board of directors.
  • Confidential information received by a director in the course of exercise of directorial duties remains the property of the company from which it was obtained and it is improper to disclose it, or allow it to be disclosed, unless that disclosure has been authorized by that company, or the person from whom the information is provided, or is required by law.
  • A director should not engage in conduct likely to bring discredit upon the company.
  • 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.