Should there be a code of conduct for investors?

A couple weeks ago I was contacted by a recent graduate of Duke’s Fuqua School of Business, Gabby Bashist, who is advising founder of MomBox, Kate Westervelt, on a fundraising strategy for the early-stage venture. They wanted to know if there was a way to include a code of conduct clause requirement for their investors. The question sparked a lot of dialogue, including a conversation with integrity and ethics expert Robert Chesnut, author of Intentional Integrity: How Smart Companies Can Lead An Ethical Revolution. The fact there was no quick and simple resolution for this…