标题: Reading 1- LOS B-Q24 [打印本页]
作者: cfaedu 时间: 2008-3-31 22:07 标题: [2008] Session 1-Reading 1- LOS B-Q24
In accordance with Standard III (A) Loyalty, Prudence and Care, which of the following statements is least accurate? Members and Candidates should:
A) | submit to clients, at least quarterly, itemized statements detailing all of the period’s transactions. |
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B) | make investment decisions in the context of the total portfolio. |
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C) | vote all proxies on behalf of clients in a responsible manner. |
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D) | utilize client brokerage to the sole benefit of the client. |
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作者: cfaedu 时间: 2008-3-31 22:07
The correct answer was C
Because of the time and expense involved in voting a proxy, Members and Candidates are not required to vote every proxy. A cost benefit analysis can be performed to determine if it is necessary to vote a proxy.
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