Lapasar
Compliance & Governance

Code of Ethics

Also known as: Code of conduct, Ethics policy

A code of ethics is a set of principles that defines the honest, fair and professional behaviour expected of everyone involved in procurement.

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A procurement code of ethics sets expectations on integrity, impartiality, confidentiality, fair treatment of suppliers and avoidance of conflicts of interest. It gives staff a reference for difficult judgement calls — whether to accept a gift, how to handle confidential bid information, or how to treat competing suppliers even-handedly.

A code only works if it is backed by practical rules and controls, such as a gift policy, conflict-of-interest declarations and a whistleblowing channel. Together they turn broad principles into everyday behaviour and help demonstrate the organisation takes ethics and anti-corruption seriously.

Frequently asked questions

What is a code of ethics in procurement?
It is a set of principles defining expected behaviour — integrity, impartiality, confidentiality and fair treatment of suppliers — for everyone involved in buying decisions.
How is a code of ethics enforced?
Through supporting rules and controls such as a gift policy, conflict-of-interest declarations, training and a whistleblowing channel, plus clear consequences for breaches.

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Operating model · diagram

  1. 01

    AI-first software

    AI-first procurement software for long-tail spend

  2. 02

    Live marketplace

    A live B2B marketplace

  3. 03

    Human services

    Human sourcing and support

  4. 04

    Optional add-on

    Fulfilment support for merchants