Establishing a Disciplined Investment Process

As an investment professional managing client assets, adherence to ethical standards is crucial in maintaining client trust and ensuring compliance with industry regulations. The CFA Institute's Asset Manager Code emphasizes the importance of a disciplined investment process within an organization.

Describe the key considerations an asset manager should take into account when establishing a disciplined investment process as outlined by the Asset Manager Code. Discuss how these considerations help in the ethical management of client assets and the implications of failing to adhere to these practices.