The Board must establish corporate standards for approved persons^G and employees. This requirement should be met by way of a documented and published code of conduct or similar document. These standards must be communicated throughout the bank, so that the approved persons^G and staff understand the importance of conducting business based on good corporate governance values and understand their accountabilities to the various stakeholders of the licensee. Banks' approved persons^G and staff must be informed of and be required to fulfil their fiduciary responsibilities to the bank's stakeholders.