Ethical and Professional Standards
Reading 1. Ethics and Trust in the Investment Profession
Learning Outcome Statements
c. identify challenges to ethical behavior;
CFA Curriculum, 2020, Volume 1
Why should I choose AnalystNotes?
AnalystNotes specializes in helping candidates pass. Period.
Subject 3. Challenges to Ethical Conduct
- the overconfidence bias. Most of us simply assume that we are good people and will therefore make sound ethical decisions. This overconfidence in one's own moral compass can lead to making decisions without serious ethical reflection.
- situational influences, which are external factors such as environmental or cultural elements. They can motivate individuals to act in their short-term interests without recognizing the long-term risks or consequences for themselves and others. Examples include financial rewards, prestige, and loyalty to employer and colleagues.
User Contributed Comments 1You need to log in first to add your comment.
Situational influences include money, bonuses, promotions, prestige and loyalty to employer/colleagues.