开发者:上海品职教育科技有限公司 隐私政策详情

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轩羊羊 · 2023年08月31日

官网题

After working as an equity research analyst for five years at Staple Asset Advisers, Davika Ravinder, CFA, receives a promotion to a junior asset manager position. She is given 20 relatively small portfolios, all involving middle-income clients who are saving for their children’s university educations and their own retirements. With her new position, Ravinder is given a higher base salary. Previously, her bonus was based on annual performance. She is now eligible for a percentage of the quarterly performance fee earned by the firm for returns higher than the client-negotiated performance hurdles. For competitive reasons, Staple does not allow any employee to disclose their compensation packages, including how bonuses are derived.


With regard to Ravinder’s new compensation package, which of the following actions would be most appropriate to ensure she complies with the CFA Institute Standards of Professional Conduct? She should:

  1. ask her clients to renegotiate their contracts with the firm.
  2. renegotiate her compensation package.
  3. disclose her new compensation package to her clients.

B is correct. Recommendations for Standard VI(A)–Disclosure of Conflicts advises that employee compensation packages based on short-term performance be disclosed to clients, which is currently not allowed by Ravinder’s employer. Thus, she should renegotiate her compensation package to either remove the performance aspect of the structure so she can disassociate from the practice or seek to lengthen the performance period assessed to, at minimum, one year. If Ravinder disclosed the compensation package to her clients without her employer's permission, she would be in violation of Standard IV(A)–Loyalty. If she asked her clients to renegotiate their contracts, she may potentially violate Standard III(A)–Loyalty, Prudence, and Care because the new contracts may not be as favorable as the current contracts, thus potentially harming her clients.


不是特别理解这个行为,请老师帮忙解释这个B选项

1 个答案
已采纳答案

王暄_品职助教 · 2023年08月31日

背景是:因为R同学晋升了,所以她现在有资格获得公司季度绩效的一定比例。但是,出于竞争原因,她所在的公司,不允许任何员工透露他们的薪酬安排。


按照要求,这种薪酬安排是要披露给客户的,但是现在公司不让披露,那么R同学为了遵守CFA协会的规定,她应该重新和公司商量,换一种方式(比如拿固定工资,没有任何绩效奖,那就不用披露给客户),所以B选项最为正确


A:让客户和公司重新商量合同,这是不符合实际的,客户也不会搭理他

C:把薪资安排披露给客户,这是违反了公司的要求,所以也不合适



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