appendix a 97 corporate governance offi cial directions declarations and appointments r&d start program no 3 of 2002 98 annual report 2003 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 2003118 b code conduct members the industry research development ir&d board its committees are expected to observe following standards when dealing with related matters 1 should perform duties their ce impartially uninfl uenced by fear or favour 2 be frank honest in dealings colleagues avoid any situation which private interests themselves immediate family whether pecuniary otherwise confl ict might reasonably thought