Chapter 1 - Ethics and Integrity

Question 1

What is integrity?

Answer 1

Being honest and acting with strong moral principles

Question 2

How is ‘behaving ethically’ described?

Answer 2

Doing the right thing - acting in a way that society typically thinks is ‘right’ and ‘good’.

Question 3

What is described as an ethical decision

Answer 3

An ethical decision is one that is both legal and meets the shared ethical standards of the community

Question 4

What is the CISI code of conduct

Answer 4

Honesty
Openness
Transparency
Fairness

Question 5

What does ESG stand for

Answer 5

Environmental, social and Governance

Question 6

What is the purpose of ESG

Answer 6

It is linked to ethics in that it assesses whether a company is ‘doing the right thing’.

Question 7

What is impact investing

Answer 7

It involves investing money whilst generating a return but also is targeted at having a positive impact on society or the environment.

Question 8

What is microfinance

Answer 8

Tries to make an impact on low income or unemployed individuals who would not normally have access to conventional financial services.