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The moral code of Good Clinical Practice (GCP) was developed in order to rule out inconsistencies.
Such an independent authority could also promote good governance by disseminating a code of good practice and accrediting NGOs that voluntarily adopt these principles.
Suggestions concerning a possible future code of good practice are made.
Margaret Snowdon, of JLT Benefits Consultants, is chair of the Pension Liberation Industry Group, currently finalising a "code of good practice" to offer clarity to trustees, scheme administrators and scheme providers.
Critics have accused Swiss businesses of dragging their feet on transparency and hiding behind a voluntary code of good practice devised by the country's business federation.
He also says that a plan by the CIPD to create a code of good practice is welcomed as a "sensible and proportionate approach".
Rather than regulation we would like to see a voluntary code of good practice for zero-hours contracts.
The association claims the consultation does not meet the council's own code of good practice on consultation.
Time for a code of good practice, suggests former U.S. Treasury Secretary Larry Summers, to put everyone's mind at rest.
Secondly, however, by also establishing a code of good practice for establishing common standards.
They formed associations to adopt codes of good labor practices and set up independent monitoring.
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