Sign up for an ethical decision making online training course from the CFA Institute. Our ethics education includes webinars, workshops, and the ethical decision-making framework. We’re using cookies, but you can turn them off in Privacy Settings.
These steps form the foundation of the ethical decision-making frameworkwe developed to guide investment professionals as they resolve ethical dilemmas in the best interests of their clients.
Our ethics education includes webinars, workshops, and the ethical decision-making framework. We’re using cookies, but you can turn them off in Privacy Settings. Otherwise, you are agreeing to our use of cookies.
The objective of the workshop is to increase investment professionals’ awareness of and ability to analyze and act on common ethical dilemmas they may confront in the workplace. Contact [email protected]to discuss training solutions for your firm or Society. Ethics in Practice Cases
MAKING CHOICES: A FRAMEWORK FOR MAKING ETHICAL DECISIONS. Decisions about right and wrong permeate everyday life. Ethics should concern all levels of life: acting properly as individuals, creating responsible organizations and governments, and making our society as a whole more ethical.
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A final note on ethical decision making is that we generally don’t start with the extremes in ethical decision making. We naturally jump right into the middle of the gray area because we know the extremes and the fringes of the gray area are not worth pursuing.
What is ethical decision making? Ethical decisions inspire trust and with it fairness, responsibility and care for others. The ethical decision making process recognizes these conditions and requires reviewing all available options, eliminating unethical views and choosing the best ethical alternative.. Good decisions are both effective and ethical.
The objective of the workshop is to increase investment professionals’ awareness of and ability to analyze and act on common ethical dilemmas they may confront in the workplace.
We developed this Identify-Consider-Act-Reflect framework for ethical decision making to help investment professionals like you analyze and evaluate ethical scenarios where there is not a clear "right" and "wrong" path.
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Know your strengths and weaknesses: Regardless of the consequences your decisions and actions bring, understanding your strengths and weaknesses will help you make ethical decisions in the future.
Make a decision: The specific action required depends on the individual aspects of the situation. Your decision may require multiple actions or steps, or none at all.
The challenge for organizations is to cultivate environments where ethical decisions are easier, not more difficult. Creating training exercises that better simulate the actual environment, circumstances, and pressures where ethical decisions are made is the first step toward addressing these critical challenges.
Over the course of a workday, people make innumerable decisions ranging in degrees of severity, from critical to mundane. Often times, choices are made in a vacuum and are considered for only as long as it takes until the next intellectual dilemma or distraction demands our attention.
Most relevant in real-life scenarios is the time pressure we are usually faced with when making a decision, i.e. it is more abbreviated than most exercises allow. Therefore, as Soltes says, “When there’s precious little time to deeply reflect on decisions, we rely on routines and the surrounding norms to dictate behavior.”.
Where the Soltes essay has the most relevance for today’s business is around corporate training. He identifies several prominent ways in which ethics training differs from real world scenarios, particularly relating to an individual’s ability to identify the existence of an ethics issue in the heat of the moment, and the time allotted to fully considering the consequences of a decision. Most relevant in real-life scenarios is the time pressure we are usually faced with when making a decision, i.e. it is more abbreviated than most exercises allow. Therefore, as Soltes says, “When there’s precious little time to deeply reflect on decisions, we rely on routines and the surrounding norms to dictate behavior.”
The objective of the workshop is to increase investment professionals’ awareness of and ability to analyze and act on common ethical dilemmas they may confront in the workplace.
We developed this Identify-Consider-Act-Reflect framework for ethical decision making to help investment professionals like you analyze and evaluate ethical scenarios where there is not a clear "right" and "wrong" path.
This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.
Know your strengths and weaknesses: Regardless of the consequences your decisions and actions bring, understanding your strengths and weaknesses will help you make ethical decisions in the future.
Make a decision: The specific action required depends on the individual aspects of the situation. Your decision may require multiple actions or steps, or none at all.