Sethi, after chairing a meeting of the Governing body, said that the new code of conduct was being prepared and would be soon put in place.
"The reason for having a new code of conduct is to ensure that everything functions smoothly in our cricket set up and there are no illegal or unconstitutional decisions," Sethi told a news conference in Lahore today.
Sethi also made it clear that he wanted to have more transparency in PCB affairs.
The Sindh high court yesterday issued a notice to Sethi, directing him to only work in the sphere and take decisions allowed to a interim head of the board.
But Sethi said he was working as per orders of the Islamabad high court, which had given him 90 days to hold re-elections in the board and recognise things.
"I am only using the powers given to me by the IHC," he pointed out.
"As far as the Sindh high court order is concerned we are waiting for the detailed order to look into it," he added.
"I will be going to the West Indies on the wishes of the Governing board as it wants me to be there and see first-hand the team affairs and how it is working," he said.
Chief operating officer, Subhan Ahmad said that the board had also decided to secure the services of former President of the International Cricket Council (ICC), Ehsan Mani to advise the board on the sale of its media and broadcasting rights.
The PCB's four-year broadcasting deal with the Dubai based Ten sports channel ended in June and the board confirmed it had lost around USD 80 million out of its total deal of USD 135,000 since there was no bilateral series with India in the four-year period.
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