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Israel Bourse Issues Ethics Code
Apr 18, 2017 7:23 AM
By Rapaport News
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RAPAPORT... The Israel Diamond Exchange (IDE) has introduced an ethical
code of conduct, requiring members to comply with a series of guidelines aimed
at improving transparency and business practices.
The code covers six areas of ethical behavior, including
showing respect for clients, colleagues, employees and suppliers regardless of
nationality, ethnicity, religion, color, gender or status.
It also compels bourse members to comply with all legal
regulations and cooperate with government authorities; show responsibility
toward other members; train and mentor new industry members and guard the
trade’s reputation; compete fairly and refrain from attacking other members on
social media; and strive for excellence and professionalism.
IDE board member Emma Yanover and ethical-code committee chairman
Asher Dalumi led the project, which took more than two years to complete. It
was started during the term of previous bourse president Shmuel Schnitzer and
was prepared in conjunction with Professor Asa Kasher, a philosopher at
Israel’s Tel Aviv University.
“The introduction of the ethical code of conduct is an
important step in our pursuit of transparency and best business practices,”
said current IDE president Yoram Dvash.
The launch of the code comes shortly after the IDE’s
announcement earlier this month that it was appointing a district court judge
to rule on large arbitration cases and appeals.
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Tags:
Asa Kasher, Asher Dalumi, code of conduct, Emma Yanover, ethics, IDE, Israel, Israel Diamond Exchange, Rapaport News, transparency, Yoram Dvash
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