注册 登录
上一主题：Reading 2-IV: Standards of Professional Conduct & Guidanc
下一主题：Reading 2-IV: Standards of Professional Conduct & Guidanc
12
返回列表 发帖
土豆妮

Rank: 4

UID
137525 
帖子
5724 
主题
885 
注册时间
2009-7-1 
最后登录
2011-3-29 
11# 跳转到 »
发表于 2011-2-24 15:50 | 只看该作者

Jill Marsh, CFA, works for Advisors where she manages a portfolio for a wealthy family. Marsh earns 1% of the portfolio’s value each year in the form of a commission from Advisors. The family just told her that any year the portfolio she manages earns more than a 10% return, the family will give her the use of the family’s vacation home for one week. Hirsh will comply with Standard IV(B), Additional Compensation Arrangements, if she:

A)
 does nothing with respect to this.
B)
 delivers a typed memo to her supervisor about the vacation home the first time she uses it.
C)
 sends an e-mail to her supervisor about the vacation home.

Standard IV(B) requires that members disclose to their employer in writing all benefits that they receive in addition to their regular compensation for services they perform on behalf of their employer. E-mail messages qualify. As long as the agreement is in effect, she must inform her employer even if she has yet to use the potential benefit.

TOP

土豆妮

Rank: 4

UID
137525 
帖子
5724 
主题
885 
注册时间
2009-7-1 
最后登录
2011-3-29 
12#
发表于 2011-2-24 15:50 | 只看该作者

An analyst working at an investment firm has a client that rents limousines. The client tells the analyst that as long as he is the client’s analyst, he can have free use of a limousine several times a year. The analyst needs to:

A)
 do nothing since the offer is not linked to the performance of the client's portfolio.
B)
 explicitly refuse such an offer.
C)
 inform his supervisor in writing of the offer if the analyst intends to accept the offer.

Standard IV(B) requires that members disclose to their employer in writing all benefits that they receive in addition to their regular compensation for services they perform on behalf of their employer. They also need to get consent from their employer in writing. The written report to the employer should include the details of any written or oral agreement for extra compensation. The analyst does not have to refuse the offer.

TOP

土豆妮

Rank: 4

UID
137525 
帖子
5724 
主题
885 
注册时间
2009-7-1 
最后登录
2011-3-29 
13#
发表于 2011-2-24 15:51 | 只看该作者

Karen Dalby, CFA, volunteers on her church’s finance board but receives no cash compensation so she does not report the arrangement to her employer. Board compensation is limited to an annual retreat to Hawaii, but the accommodations are modest. Dalby does not enjoy the retreat and often considers skipping the event entirely. Dalby is most likely:

A)
 in violation of Standard IV(B) "Additional Compensation Arrangements."
B)
 not in violation of the Code and Standards.
C)
 in violation of Standard IV(A) "Loyalty."

Dalby is in violation of Standard IV(B) "Additional Compensation Arrangements." Nonmonetary compensation may still create a conflict of interest.

TOP

12
返回列表
上一主题：Reading 2-IV: Standards of Professional Conduct & Guidanc
下一主题：Reading 2-IV: Standards of Professional Conduct & Guidanc