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A strong corporate code of ethics is most likely to permit:

A board members to simultaneously sit on the board of another firm.

It is not uncommon for individuals to be members of the boards of directors of more than one firm. This is acceptable as long as they maintain independence and act in the interests of the firms’ shareholders. A strong corporate code of ethics should discourage the company from awarding consulting contracts or finders fees to board members or relatives of board members.

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