CVCA's Best Practices for Professional Conduct

Approved September 22, 2004

The members of the CVCA voluntarily adhere to the following best practices for professional conduct:

Members undertake to maintain exemplary standards of behavior in their dealings with each other, investors, portfolio firms and potential portfolio firms, governments and the general public.  Specifically, members undertake to:

• Maintain and promote high ethical standards by always conducting their business transactions in a professional, fair, honest and respectful manner;
• Not engage in conduct that would be likely to harm the reputation of the venture capital and private equity industry;
• Educate their personnel  about, and fully comply with, all relevant legislation to which the industry is subject, including privacy protection and anti-money laundering legislation;
• Remain accountable to their investors by providing, among other things, regular financial reports.

The CVCA encourages philanthropic investment by its members in their communities.

This Best Practices for Professional Conduct will be reviewed and revised periodically. Any questions should  be addressed to CVCA’s Executive Director, Richard Rémillard.