explain how the new board of Dithaba construction is displaying responsibility and transparency for ethics in the company as part of the King IV ''ICRAFT'' leadership characteristics
The new board of Dithaba Construction is displaying responsibility and transparency for ethics through several actions as part of the King IV "ICRAFT" leadership characteristics.
1. Integrity: The board members are committed to upholding high ethical standards in all their dealings. They lead by example and ensure that ethical behavior is promoted throughout the organization.
2. Competence: The board members have the necessary skills and knowledge to make informed decisions regarding ethical issues. They regularly update their skills and undergo training to stay abreast of best practices in ethics and governance.
3. Accountability: The board members take ownership of their decisions and actions, holding themselves accountable for any ethical breaches that may occur. They establish clear processes for reporting unethical behavior and ensure that appropriate consequences are in place for those responsible.
4. Responsibility: The board members understand their role in safeguarding the company's reputation and ensuring that ethical considerations are at the forefront of all decision-making processes. They prioritize ethical behavior over short-term gains and communicate their expectations to employees at all levels of the organization.
5. Fairness: The board members ensure that all stakeholders are treated fairly and equitably in all business dealings. They uphold the principles of fairness and justice in their interactions with employees, customers, suppliers, and the broader community.
6. Transparency: The board members are open and honest in their communication with stakeholders, providing clear and accurate information about the company's ethical practices and performance. They actively seek feedback from stakeholders and use this input to improve their ethical practices.
Overall, the new board of Dithaba Construction is demonstrating a strong commitment to ethics and transparency, in line with the principles of the King IV "ICRAFT" leadership characteristics. By prioritizing ethical behavior and transparency, the board is fostering a culture of integrity and accountability within the organization, which will ultimately contribute to its long-term success.