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CFA Level I · CFA Level I Exam · Guidance for Standard IV: Duties to Employers

Dana Whitfield, a CFA candidate, works as an analyst at a asset manager. Her young child has a recurring medical condition that will require her to leave early on several afternoons each month for the next year. According to Standard IV(A), Whitfield most appropriately should:

Whitfield should talk with her employer about balancing her personal and work obligations. Standard IV(A) does not require her to subordinate important family obligations to work, but regular or significant interference with her duties calls for an open dialogue rather than silence or sacrificing her child's care.

  1. Aenter into a dialogue with her employer about balancing her personal and work obligations.Correct
  2. Bgive up the medical appointments because employer interests must always come before personal ones.
  3. Carrange the absences quietly and avoid mentioning them, since family matters are private.

Explanation

Standard IV(A) is not a blanket requirement to place employer interests ahead of personal interests, and it does not require subordinating important family obligations. When personal matters may interfere with work on a regular or significant basis, the member should enter into a dialogue with the employer. Giving up the appointments is not required, and concealing the absences does not meet the dialogue expectation.

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