Shouldn firms be carrying out these training and competence measures anyway in response to normal market forces?
Training and competence is a matter for individual firms, and indeed most firms do have excellent arrangements of this nature in place. However we believe a Declaration, a common standard, is the best way of kick-starting and propelling an industry-wide ethos of professionalism. We expect market forces to play a part in making its provisions more commonplace around the sector. The Declaration sets out a view on what good could look like in terms of how firms could incorporate this ethos in their high level corporate activities. It also indicates how professional bodies like the CII could support this.
