According to The Code of Ethics, members of AIMR shall: "Use reasonable care and exercise ________."
Click on the arrows to vote for the correct answer
A. B. C. D. E.C
According to The Code of Ethics, members of AIMR shall: "Use reasonable care and exercise independent professional judgment."
The correct answer is C. independent professional judgment.
The Code of Ethics, which is a part of the CFA Institute's Code and Standards, sets the ethical standards for members of the CFA Institute, formerly known as the Association for Investment Management and Research (AIMR).
According to the Code of Ethics, members of AIMR, now known as CFA Institute members, are required to adhere to certain principles and responsibilities. One of these principles is the duty to exercise independent professional judgment.
By exercising independent professional judgment, members are expected to make decisions and provide advice based on their expertise, experience, and analysis of relevant information. This means that they should not be unduly influenced by external factors or pressures that may compromise their objectivity.
Members are expected to act in the best interests of their clients and the integrity of the markets. They should make recommendations and take actions that are consistent with these interests, even if it may go against their own or their firm's interests.
Independent professional judgment is crucial in maintaining the trust and confidence of clients and the public. It ensures that members act with integrity, diligence, and competence, and that they prioritize the needs and interests of their clients.
Therefore, the correct answer is C. independent professional judgment, as it captures the requirement for members to exercise their professional judgment independently and in the best interests of their clients and the markets.