Code of Ethics
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:
- 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.
- Members will establish realistic
expectations of the benefits and results of their services.
- 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.
- 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
- Members will refrain from inviting an
employee of an active or inactive client to consider alternative employment
without prior discussion with the client.
- Members will only accept assignments
which they possess the expertise to perform, and will only assign staff with
the requisite expertise.
- Members will ensure that before
accepting any engagement, a mutual understanding of the objectives, scope, work
plan, and fee arrangements has been established.
- Members will offer to withdraw from a
consulting engagement when their objectivity or integrity may be impaired.
- 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.
- 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.
- Members will respect the individual and
corporate rights of clients and consulting colleagues, and will not use
proprietary information or methodologies without permission.
- Members will represent the profession
with integrity and professionalism in their relations with their clients,
colleagues and the general public.
- 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.
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.