Institute for Independent Business
                                                      CODE OF ETHICS


Accredited Associates:

1.        Shall conduct themselves in a manner which will merit the respect of the
community for persons engaged in the profession;
2.         Shall uphold the reputation of the Institute for Independent Business and of fellow
Associates and abide by the Institute for Independent Business Code of Conduct;
3.        Shall carry out their professional duties responsibly and with integrity;
4.        Shall not personally provide advice outside of their accepted 'area of expertise',
but rather delegate such to appropriate specialists;
5.        Shall collect and present facts without bias, and not allow personal views to
influence judgment, interpretation, analysis and presentation;
6.        Shall not discuss with or disclose to any person not authorized by the client or
delegated representative, any information, data, result, report or proposal arising from
the assignment, nor cause or allow confidential information to be misused or to be
published in any way without the permission of the client;
7.        Shall not use information acquired during any previous assignments which in any
way could be detrimental to their former client;
8.        Shall not receive any undisclosed material benefits other than normal emoluments
from any recommendation made in the course of duty.
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