Ethics Q applies, provides, customer, permission, foundation

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Standard IV(A): Loyalty to Employer requires written permission from both the employer and the consulting customer if the work involves competition with the employer.

An example of an instance not requiring permission would be if a CFA charterholder who works for a broker wishes to write grants for a nonprofit foundation.

In such case, he need not get permission, nor does he need to disclose the compensation. This Standard applies for work that provides either monetary or nonmonetary compensation. (Study Session 2, LOS 5.b)



Can you comment if the above sounds reasonable . I am uncomfortable with the answer . I seem to think that you should disclose all forms of compensation you receive outside of your work for the firm to the firm and get permssion.