Ethics Flashcards
Understand ethics and trust in the investment profession, the code of ethics and professional conduct, guidance for ethical standards, the Global Investment Performance Standards (GIPS), and the application of ethics.
1
Q
Define:
Code of ethics
A
An established guide for an organization’s values and expectations regarding member behavior.
2
Q
Define:
Ethical principles
A
Beliefs regarding what is good or acceptable behavior and what is not.
3
Q
Define:
Ethics
A
The study of the set of principles, values, and moral guidelines that govern and influence human behavior and decision-making.
4
Q
Define:
Moral principles
A
Personal beliefs about what is good regarding behaviour and decision making, and what is not.
5
Q
Define:
Standards of conduct
A
- Behaviors required by a group.
- Established benchmarks which clarify a group’s code of ethics.
6
Q
Define:
Fiduciary
A
Entity which has a legal and ethical obligation to act in the best interests of a beneficiary while managing the beneficiary’s assets.
