3.0.3. The members of the board of directors of, and members of, every government agency or government corporation not referred to in subparagraph 1 of the second paragraph of section 3.0.1 must establish a code of ethics and professional conduct which is applicable to them.
The members of the board of directors of, and members of, every government agency or government corporation must establish a code of ethics and professional conduct applicable to every person who, at the request of the agency or corporation, acts as a director or member of any agency or corporation that is not a government agency or a government corporation.
Such codes shall set out the duties and obligations of the persons to which they apply, and may prescribe standards that vary according to the various classes of persons to which they apply or that apply only to certain classes of persons. Such codes must, among other things,
(1) include preventive measures, in particular rules for the disclosure of interests;
(2) deal with the identification of situations of conflict of interest;
(3) regulate or prohibit practices relating to remuneration;
(4) specify the duties and obligations of persons even after they leave office;
(5) include enforcement mechanisms, in particular the designation of the persons charged with the enforcement of the code and provide for penalties.
The government agency or government corporation must ensure public access to the codes, and publish them in its annual report.
The annual report shall, in addition, state the number of cases dealt with and the follow-up thereon and set out any breaches determined during the year by the disciplinary authorities, the determination thereof, any penalties imposed by the competent authorities and the names of any persons revoked or suspended during the year.