The Chartered Financial Analyst Society held its annual Canadian Ethics Challenge on Saturday, February 10, with teams from Acadia University, Saint Mary’s University, the University of Prince Edward Island, and host Dalhousie University participating. Annika Corbett, Ella Murphy, Sean Ostling, and Tess Robertson represented Acadia. Before participating in the competition, teams familiarized themselves with CFA Institute’s Code of Ethics and Standards of Professional Conduct. From the Code of Ethics comes the directive:
Practice and encourage others to practice in a professional and ethical manner that will reflect credit on themselves and the profession. And from the Standards of Professional Conduct:
Members and Candidates must not engage in any professional conduct involving dishonesty, fraud, or deceit or commit any act that reflects adversely on their professional reputation, integrity, or competence. With exhortations for ethical behavior ringing in their ears, students were ready to interpret the case.
The case, said Acadia team member Ella Murphy,
was a complex mix of multiple ethical issues happening in an asset management firm. Issues ranged from insider trading, neglect, dishonesty, breaking company policy, and many gray areas such as whether or not relationships were in a conflict of interest. There were probably 20 contentious issues happening in the case all at once. The takeaway for Ella was practical as well as ethical.
Getting the chance to interpret how we perceive the issues in front of a panel of judges with extensive knowledge is a privilege in itself, but these judges actually provided us with feedback after the competition. That’s something I won’t forget and their insight into these ethical issues is impressive. Overall, a wonderful experience. Faculty advisor to the team, Dr. Stephen MacLean, was enthusiastic about the team’s performance.
Over the past month Annika, Ella, Sean, and Tess spent many hours preparing for this event and their effort showed. They did a fantastic job representing Acadia and I’m proud of what they accomplished!
About the Manning School
Founded in 1957, the Manning School at Acadia University is home to over 600 students from over 20 countries. With 23 faculty members from a variety of academic and professional backgrounds, the Manning School offers small classes that encourage concentrated interaction between students and faculty. Our students have opportunities to learn outside the classroom through co-op placements, projects with local enterprises, and international exchanges. Firmly rooted in a rich institutional legacy that personifies the very essence of a liberal education, the Bachelor of Business Administration (BBA) program at Acadia is challenging and flexible, allowing students to explore a broad range of interests and producing well-rounded graduates who are well-positioned to pursue varied professional opportunities. Our graduates work in leadership roles across Canada and around the globe, with many having made their Acadia BBA degree a pathway to prestigious graduate programs.