Recommended Procedures for Compliance

Recommended Procedures for Compliance Members and Candidates Suggested methods by which members and candidates can acquire and maintain understanding of applicable laws, rules, and regulations include the following: Stay informed: Members and candidates should establish or encourage their employers to establish a procedure by which employees are regularly informed about changes in applicable laws, rules,…

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INVESTMENT ANALYSIS, RECOMMENDATIONS, AND ACTIONS

INVESTMENT ANALYSIS, RECOMMENDATIONS, AND ACTIONS A Diligence and Reasonable Basis Members and Candidates must: 1 Exercise diligence, independence, and thoroughness in analyzing investments, making investment recommendations, and taking investment actions. 2 Have a reasonable and adequate basis, supported by appropriate research and investigation, for any investment analysis, recommendation, or action. B Communication with Clients and…

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Standards of Professional Conduct

Standards of Professional Conduct PROFESSIONALISM A Knowledge of the Law Members and Candidates must understand and comply with all applicable laws, rules, and regulations (including the CFA Institute Code of Ethics and Standards of Professional Conduct) of any government, regulatory organization, licensing agency, or professional association governing their professional activities. In the event of conflict,…

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Why Ethics Matters

Why Ethics Matters Ethics can be defined as a set of moral principles or rules of conduct that provide guidance for our behavior when it affects others. Widely acknowledged fundamental ethical principles include honesty, fairness, diligence, and care and respect for others. Ethical conduct follows those principles and balances self- interest with both the direct…

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Employee Selection Process

It is a procedure of matching organizational requirements with the skills and qualifications of people. Effective selection can be done only when there is effective matching. By selecting best candidate for the required job, the organization will get quality performance of employees. Moreover, organization will face less of absenteeism and employee turnover problems. By selecting…

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BUSINESS MANAGEMENT

Introduction Management is involved in coordinating all factors of production so that they can contribute positively to the organizational goals. Management is involved in utilization of human resources and other resources such as machinery, capital, information and time in the organization. In this chapter we will address the basic functions of a manager, skills that…

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TYPES OF BUSINESS FIRMS

Domestic Corporation A firm incorporated under the laws of the country or state in which it does business. For example, a firm incorporated in the United States is considered a domestic corporation in the United States, but a foreign corporation elsewhere Foreign Corporation A firm that conducts business in states or countries other than the…

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BUSINESS OWNERSHIP

When enterprises establish a business, they must decide on the form of business ownership. There is no single form that can be said to apply to all individuals, but the person venturing into business need to first consider the following factors. Formation requirements Ease of creation Flexibility Expenses to start and maintain Legal requirements Government…

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BUSINESS ENVIRONMENT

Regardless of whether they are public or private, large or small, all business enterprises must consider elements that comprise their environment. Business enterprises secure inputs (people, material, information, money) from their surrounding environment and in turn produce goods and services that they send to the same environment. A business’ performance is often dependent on how…

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