Independence and Conflict of Interest

Easy Cfa Institute Code And Standards Professionalism - Independence

As a CFA charterholder, you are committed to maintaining the highest standards of ethical conduct and professionalism. It is crucial to understand the importance of independence in your role as an investment professional.

While advising clients, you are approached by a company that would like to offer you a paid position on their advisory board while you are currently managing assets for their direct competitors. Which of the following actions would be the most appropriate according to the CFA Institute Code of Ethics and Standards of Professional Conduct?

Accept the position on the advisory board after disclosing the conflict of interest to your clients.

Decline the position on the advisory board to maintain your independence.

Accept the position on the advisory board without disclosing it, as it does not interfere with your current obligations.

Hint

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