Communicating w/ clients regularly is one of the ethical responsibilities.
LynDel Wrote: ------------------------------------------------------- > Communicating w/ clients regularly is one of the > ethical responsibilities. Reg i believe implies at least once a year
Compliance officer should report to BOD as well.
so compliance officer reports to the BOD and the CEO? that doesn’t make sense to me…
makes sense to me - the BOD has an independent audit commmitte that hte compliance likely reports to. the CEO the compliance would of course report to anyways.
what if CEO tells Compliance to disregard a compliance related issue?? Not sure, just seems like a conflict of interest…
I just read in CFA test 1 that the compliance officer is to report either to CEO or the Board not both thou…
Std and code apply to only charterholders/candidates or to any person or entity which has undertaken to bind by the standards of prof conduct. AMC : use of portion relevant to the firm is recommended. Does not require adoption of code verbatim Ethical leadership begins the very top. code should be adopted by the senior management. Code is inteneded to cover all the employees broadly irrespective of whether they are actively involved int he conduct covered by the code. Code sets minimum standards for provding asset management services to clients
Bump
Eeeewwwww!
Adopted _ firm-wide _.
(We should all strive to eschew that disgusting “on a basis” construct, and start using adverbs again; that’s what they’re there for.)
More specifically, the Code and Standards apply only to _ covered persons _ (it should be _ people _): candidates, charterholders, and members of CFA Institute.
Be careful on that one: if they don’t tell you that Bob is a covered person, Bob _ cannot violate the Code and Standards _.