What is one of the principles of the NCMA code of ethics?

The principle of maintaining professional standards and diligence is foundational to the NCMA code of ethics. This principle emphasizes the importance of conducting oneself in a manner that upholds the integrity and professionalism expected in the field of contract management. Upholding professional standards involves being thorough, diligent, and committed to the quality of work, ensuring that all dealings are carried out ethically and responsibly. Such behavior not only fosters trust with clients, stakeholders, and colleagues but also helps ensure compliance with applicable laws and regulations.

In contrast, maximizing profit at all costs undermines ethical practices, as it prioritizes financial gain over integrity and accountability. Promoting personal interests above the organization's can lead to conflicts of interest and damage the organization's reputation. Disregarding conflicts of interest can compromise decision-making and erode trust within the professional community, making it crucial to adhere to ethical standards that guide fair and honest business practices.