The supreme court may establish the following relative to guardians ad litem appointed pursuant to statutory authority or any court order:
I. Standards and requirements for registration and training as a guardian ad litem.
II. Standards for practice, including but not limited to ethical rules.
III. Disciplinary procedures for violating ethical rules and requirements established under this section.
IV. Penalties for violating ethical rules and requirements including, as the court may deem necessary, fines or disciplinary action, or both.