This Code of ethics was developed by a team of four people, representing different national associations. Their experience and expertise enabled a wide variety of opinions and perspectives to be captured. The goal has been to ensure that the code of ethics is as representative and relevant as possible.

This is the first Code of ethics that FERMA has produced. The aim is to provide a sound basis for a code that can be expanded and updated over the coming years. The ethics team showed a clear consensus. They agreed that the FERMA Code of ethics should be brief, easy to read, and easy to understand.

FERMA believes that working ethically means respecting certain criteria which impact on the professional behaviour of all workers. The following four principles should shape and inform the professional behaviour and attitude of a risk manager, and should govern the way they perform their work.