Complete the following: According to The Code of Ethics, members of AIMR shall: "Act with ________, competence, dignity and in an ethical manner when dealing with the public, clients, prospects, employers, employees and fellow members."
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A. B. C. D. E.D
According to The Code of Ethics, members of AIMR shall: "Act with integrity, competence, dignity and in an ethical manner when dealing with the public, clients, prospects, employers, employees and fellow members."
According to the Code of Ethics established by the Association for Investment Management and Research (AIMR), members are expected to conduct themselves in a manner that upholds certain principles and values. In this particular question, the missing word in the statement is to be completed based on these principles.
The complete statement is as follows: "Act with ________, competence, dignity and in an ethical manner when dealing with the public, clients, prospects, employers, employees, and fellow members."
Let's examine the options provided:
A. Virtue: While acting with virtue is generally a desirable quality, it is not specifically mentioned in the context of the Code of Ethics. The Code of Ethics focuses more on specific principles and behaviors.
B. None of these answers: This option indicates that none of the provided options is the correct completion. In this case, it means that the missing word is not "virtue," "honorability," "integrity," or "morality."
C. Honorability: While honorability refers to having honorable qualities, it is not the most appropriate term to complete the given statement. The term used in the Code of Ethics is more specific.
D. Integrity: This option aligns well with the principles outlined in the Code of Ethics. Integrity means acting with honesty, transparency, and adherence to ethical principles. It involves being truthful, maintaining confidentiality when required, and avoiding conflicts of interest.
E. Morality: Morality refers to the principles of right and wrong behavior, which can vary across different individuals and cultures. Although acting morally is important, the Code of Ethics focuses on a more specific term to complete the statement.
The correct answer is D. Integrity. The Code of Ethics expects members of AIMR to act with integrity when dealing with various stakeholders, including the public, clients, prospects, employers, employees, and fellow members. Acting with integrity demonstrates a commitment to ethical conduct and maintaining high professional standards.
It is important to note that the information provided is based on general knowledge of the CFA® program as of September 2021. For specific and up-to-date information, it is recommended to refer to the official CFA Institute materials.