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All IMC USA members pledge in writing
to abide by the Institute's Code of Ethics. Their adherence
to the Code signifies voluntary assumption of self-discipline
above and beyond the requirements of law. Key provisions
of the Code specify: |
| Clients |
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Members will serve their
clients with integrity, competence, and objectivity,
using a professional approach at all times, and
placing the best interests of the client above all
others. |
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Members will establish realistic
expectations of the benefits and results of their
services. |
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Members will treat all client information
that is not public knowledge as confidential, will
prevent it from access by unauthorized people, and
will not take advantage of proprietary or privileged
information, either for use by them, their firm
or another client, without the client's permission.
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Members will avoid conflicts of interest,
or the appearance of such, and will disclose to
a client any circumstances or interests that might
influence their judgment and objectivity. |
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Members will refrain from inviting
an employee of an active or inactive client to consider
alternative employment without prior discussion
with the client. |
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| Engagements |
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Members will only accept
assignments for which they possess the expertise
to perform, and will only assign staff with the
requisite expertise. |
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Members will ensure that before accepting
any engagement, a mutual understanding of the objectives,
scope, work plan, and fee arrangements has been
established. |
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Members will offer to withdraw from
a consulting engagement when their objectivity or
integrity may be impaired. |
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| Fees |
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Members will agree in
advance with a client on the basis for fees and
expenses, and will charge fees and expenses that
are reasonable, legitimate and commensurate with
the services delivered and the responsibility accepted. |
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Members will disclose to their clients
in advance any fees or commissions that they receive
for equipment, supplies or services they could recommend
to their clients. |
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| Profession |
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Members will respect
the individual and corporate rights of clients and
consulting colleagues, and will not use proprietary
information or methodologies without permission. |
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Members will represent the profession
with integrity and professionalism in their relations
with their clients, colleagues and the general public. |
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Members will report violations of
this Code to the Institute, and will ensure that
other consultants working on behalf of the member
abide by this Code. |
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| The Institute of Management
Consultants USA, Inc. (IMC USA) adopted its first Code
of Ethics in 1968. Since that time IMC USA has modified
the wording of the Code for additional clarity and relevance
to clients. The current Code was approved February 22,
2002. It is consistent with the International Code of
Professional Conduct published by the International
Council of Management Consulting Institute (ICMCI)
of which IMC USA is a founding member. |
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