The following rules of ethical conduct were set by the Czech Business Angel Association. CBAA expects its members to encourage and act according to the following guidelines:
The member of the Czech Business Angel Association will primarily:
invest to the benefit of the start-up, aim to succeed and benefit from the success of the start-up they invested in
refrain from misusing the CBAA network to get clients or sell own services
And further will:
honour the confidentiality principles and use given information solely to evaluate a particular investment opportunity
act in a professional manner and in accordance with the law so that they cannot be associated with any illegal practices
refrain from co-funding of doubtful origin
consider the interests of all involved parties and avoid any unfair competition
act in a transparent way and show solidarity with other members of the Association
share the risk and success fairly (all investors are equal), and at the same time encourage fair rewarding of the lead investor
acknowledge that any investments are based on their own decision and with full responsibility of all involved investors.