Drafting a Code of Ethics for Regulators

A Code of Ethics is a means of uniquely expressing a group's collective commitment to a specific set of morally permissible standards of conduct while offering guidance on how to best follow those codes. Code of ethics could comprise of the code of Ethics for the institution (for example on parameters such as transparency, consistency, etc) as whole as well as for the members of the institutions individually as well as severally. "Ethics consists of those morally permissible standards of conduct each member of a group wants every other (member) to follow even if their following them would mean he or she had to follow them too". Codes of ethics often prioritize commonly conflicting principles which underlie the standards of conduct within an organization - either by explicitly weighting the principles or implicitly ordering the principles - in order to give guidance on how one is to act as a morally responsible agent of the group when situations require an element of compromise between principles.

In ths project that TERI is undertaking for ROR, TERI will develop a code of ethics ofr regulatyors in India