27 March 2009 | Jake Kanter
CIPS has revised its Code of Professional Ethics to help improve the "standard and status" of the procurement profession.
The new standards, launched last month, simplified longer text in the code set out in 1999 into 14 bullet points
All members are required to sign up to the code when joining CIPS.
The code includes commitments to avoid corruption, maintaining high standards in business relationships and striving for fair and transparent competition.
It warns members that unethical behaviour or breaches will be taken seriously by the Institute and could result in naming, shaming and expulsion.
CIPS chief executive Simon Sperryn said the reputation of business was at a "low ebb" and the role of professional bodies in insisting on standards of probity and behaviour has never been more valuable.
"The new CIPS code is clear, simple and uncompromising. Nothing less than complete integrity is demanded of the procurement professional."
To read the updated Code of Professional Ethics, visit: http://tinyurl.com/d9xwam