Ethical Duty Regarding Compensation Discussion

Very Hard Cfa Institute Code And Standards Employer Duties - Compensation

James is a senior analyst at XYZ Investments, which offers various financial products and services. Recently, James has been approached by a competitor who has offered him a significantly higher salary to join their firm. While considering this offer, James recalls the CFA Institute's Code of Ethics, particularly the standards regarding his duty to his employer. He is concerned about how his decision may impact his current employer and its clients.

Which of the following actions should James take to uphold his ethical responsibilities under the CFA Institute Code and Standards regarding his compensation duties?

Accept the offer from the competitor as long as he provides two weeks' notice to his current employer.

Discuss the potential job offer with his current employer, giving them a chance to address his compensation concerns.

Decline the competitor's offer and request a raise from his current employer to match the offer.

Hint

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