i. The firm should maintain high ethical standards and share the objective of truth when serving the public.
ii. The firm should comply with the advertising industry guidelines as well as follow the local government laws governing advertising.
iii. The firm should use discretion and care depending on the types of advertisements offered and the target audience.
iv. The firm should apply high personal ethics should be used when creating and disseminating information to people.
v. The firm should clearly differentiate editorial and news content from paid ads to avoid confusing the public.
vi. The firm should safeguard customers’ discretion in marketing communications and be straightforward with customers about gathering information.

i. Development and maintenance of an effective governance framework. This should be designed to ensure the selection of effective boards, transparency around roles and responsibilities, accountability to and management with stakeholders, and promotion of sustainable business practices.
ii. Maintenance of an accurate & up to date governance documentation: This refers to the documentation that establishes/sets out the rules by which the business is governed, the rights and obligations of the shareholders, and provides evidence of the governance processes to stakeholders.
iii. Ensuring policies and guidelines are in line/comply with laws and regulations, reflect the organization’s culture, provide guidance for decision making and risk management, and streamline internal processes.
iv. Ensure the policies and regulations are updated frequently to ensure alignment with government legislation as well as the organization’s goals and strategies. The management should also ensure the policies and regulations are easily available to all employees and stakeholders to ensure they understand how things should be done and how they should behave.
v. Ensure the governance processes and procedures are adequately documented.
vi. Ensure the board receives good quality reports that contain sufficient information to make well-informed decisions. This will ensure they can develop the best strategies aligned to the organization’s short and long-term growth and overall sustainability.
vii. Ensure ethical dealings and integrity. A company policy should be in place that addresses conflicts of interest and negligence.

A person can purchase life insurance on himself or herself. When you buy life insurance on yourself, you are the policy owner and the insured, and you name someone else (such as a spouse or child) as the beneficiary who will receive the death benefit when you pass away.

Where an agent has an interest in the subject matter of the contract, the agent is personally liable (and also personally entitled) to the extent of that interest.
This is known as an agency coupled with interest, meaning the agent has a personal stake in the contract beyond just acting for the principal. Therefore, the agent’s rights and liabilities exist to the extent of that interest.

Conciliation is not legally binding on the parties. It is a voluntary and informal process in which a neutral third party (the conciliator) helps the disputing parties reach a mutually acceptable agreement. Any settlement reached through conciliation becomes legally binding only if the parties agree to and sign a settlement agreement.

An arbitration clause is a provision in a contract that requires the parties to resolve any disputes through arbitration rather than through the courts. This means the parties agree in advance to use a private dispute resolution process, binding or non-binding arbitration, and generally waive their right to litigate in court.

The doctrine of stare decisis means “to stand by what has been decided.” Its primary purpose is to ensure consistency, predictability, and fairness in the legal system by requiring courts to follow established precedents in similar future cases.

Contract, property, and tort laws are examples of private law, not public law.
• Private law governs relationships between individuals and organizations (e.g., disputes over contracts, property ownership, or personal injury).
• Public law, on the other hand, deals with matters involving the state and individuals, such as constitutional law, administrative law, and criminal law.