Ethical Decision-Making in Client Relationships

Hard Cfa Institute Code And Standards Responsibilities - Conduct

Jane is a financial analyst with 10 years of experience in the investment management industry. Recently, she encountered an opportunity to work with a high-net-worth individual (HNWI) who has strong ties to a company that Jane knows to have questionable practices regarding environmental sustainability and labor rights.

Jane is aware that the CFA Institute's Code of Ethics and Standards of Professional Conduct requires members to act in a manner that reflects positively on the profession and to place the interests of their clients above their own. She is concerned about the potential reputational risks associated with this client and the ethical implications of continuing to work with them.

In assessing her responsibilities, Jane considers the following options:

Continue working with the HNWI, as their financial contributions are crucial to her firm.

Inform her firm about the client's connection to contentious practices and evaluate solid ethical standards before proceeding.

Decline to work with the HNWI based solely on personal beliefs about environmental and labor issues.

Hint

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