Ethics: Gifts on Future performance from Client anywhere, approval, required, future, states

jacksparrow

Is approval from employer required for a client who offers a gift based on future performance or just disclosure? I can’t seem to find anywhere in the text that states approval is required…

adehbone

Written approval from employer because it’s like an additional compensation agreement.

Analyze_This

written not verbal

Windjam

Is written approval required or verbal ok?

cityboy

goodman is correct. In the case of rewarding future performance , it is like working for someone else in addition to your main employer, plus it is ethically hairy since you may divide your time unequally to the disadvantage of other clients. If you are rewarded for past performance ( i.e. no problem if never repeated again ,wink wink ) its ok , because presumably you had no intention of shortchanging other clients of your time

joehogue

aaaaah yes for future benefits related performance approval is required
for “suprise” benefit performance only disclosure is required.
im curious as to how this works in the real world

ASSet_MANagemen

based on future performance should regard as other compensation conflict with employer

cfalevel2011

goodman i disagree about approval i say only disclosure is required……………………..the context here is a portfolio managment co.

NakedPuts00

approval is required