Currently in Australia organisations require investment professionals to report gifts between $100 and $300 on a public
Question:
Currently in Australia organisations require investment professionals to report gifts between $100 and $300 on a public register within their organisation. Gifts above $300 are not allowed at all and gifts below $100 do not need to be reported. Gifts in this case include tickets to sport games and concerts, meals, books, travel etc.
1. Do you think this standard is appropriate in dealing with conflicts of interest? For example, a fund manager may take a financial planner to a sports game where the tickets are valued at $275. This may then influence the planner to invest client money if the manager's funds.
2. Would you be influenced to support a fund manager if he took you a sports match, value $275, every quarter, even if their fund performance was mediocre?
You are a manager of large bank in your home country that also sells insurance to clients. The bank has recently engaged a consultant to develop an ethics framework for salespeople.
See if your home country has an ethical standard for banks or investment professionals and use this develop your framework, if available. Also consider the CFA Code and Standards.
what you would suggest are the important issues the consultant needs to incorporate in the framework?
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr