The Oscars Academy has sent out a cautionary letter to its members asserting 'Standards of Conduct' in the wake of the allegations of sexual harassment emerging from the industry.
The organisation's CEO Dawn Hudson has affirmed a Board of Governors-approved statement of values which was created by a "specially-formed task force" (via Variety) which compiled the statement after consulting with experts.
"Much remains to be done," Hudson writes in the letter. "The task force will finalise procedures for handling allegations of misconduct, assuring that we can address them fairly and expeditiously… Those procedures will be sent to you in the new year."
The code affirms that all members must "behave ethically by upholding the Academy's values of respect for human dignity and inclusion".
It warns that those who "abuse their status, power or influence in a manner that violates" their standard of decency, they could face disciplinary action, including suspension or expulsion.
The academy's letter in full, read: "Academy membership is a privilege offered to only a select few within the global community of filmmakers.
"In addition to achieving excellence in the field of motion picture arts and sciences, members must also behave ethically by upholding the Academy's values of respect for human dignity, inclusion, and a supportive environment that fosters creativity.
"The Academy asks that members embrace their responsibility to affirm these principles and act when these principles are violated.
"There is no place in the Academy for people who abuse their status, power or influence in a manner that violates recognised standards of decency.
"The Academy is categorically opposed to any form of abuse, harassment or discrimination on the basis of gender, sexual orientation, race, ethnicity, disability, age, religion, or nationality.
"The Board of Governors believes that these standards are essential to the Academy's mission and reflective of our values.
"If any member is found by the Board of Governors to have violated these standards or to have compromised the integrity of the Academy by their actions, the Board of Governors may take any disciplinary action permitted by the Academy's Bylaws, including suspension or expulsion."
Earlier this week, magazine announced that their accolade would actually go to multiple people - 'The Silence Breakers' - the women and men who have spoken out about the prevalence of sexual harassment within their industries.
Hollywood stars Ashley Judd and Rose McGowan are among the women who have spoken out about being sexually harassed and abused by powerful figures in Hollywood.