The Institute of Management Consultants Ltd (IMC) in Australia has adopted the following Code of Ethics, on 12th November 2016, as proof of the commitment of IMC Members to:
- Develop realistic and practical solutions to client problems;
- Act in the clients best interests at all times;
- Render impartial, factually-based, independent advice;
- Accept only those client engagements they are qualified to perform;
- Behave with integrity and professionalism at all times;
- Agree with the client in advance on the basis for their professional fees; and
- Safeguard confidential information.
As the professional association and certifying body for management consultants in Australia, the Institute of Management Consultants (IMC) requires adherence to this Code of Ethics as a condition of membership and a prerequisite to certification. All members have pledged in writing to abide by the Institute's Code of Ethics and their voluntary adherence to the Code signifies the self-discipline of the profession.
The Code sets out the principles of the ethical practice of management consulting. The purpose of this Code is to ensure IMC members maintain their professionalism and adhere to high ethical standards while providing services to clients; and also in their dealings with their colleagues and the public.
The individual judgement of member consultants is required to apply these principles and members may be liable to disciplinary action under the IMC rules if their conduct is found to:
- Be in violation of the Code, or
- Bring discredit to the profession or to the IMC.
The Disciplinary Committee of the Institute will investigate any such complaint and, amongst other options, may sanction or expel the member if a breach is confirmed.