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

Priya Nair, a CFA candidate, is an employee of a regional asset manager. Her elderly mother needs regular medical care, and Nair expects to leave early two afternoons a week for the next year. Under Standard IV(A) Loyalty, Nair's most appropriate action is to:

Nair should enter into a dialogue with her employer about balancing her personal and employment obligations. Standard IV(A) does not require members to subordinate important family obligations to work, but it expects openness with the employer when personal matters may interfere with work on a regular or significant basis.

  1. Aask a colleague to cover her work without telling her employer.
  2. Benter into a dialogue with her employer about balancing her personal and work obligations.Correct
  3. Cgive up the family obligations so that her employer's interests always come first.

Explanation

Standard IV(A) is not a blanket requirement to put 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, members should enter into a dialogue with the employer. Staying silent leaves the employer uninformed, and giving up the family duties is not required.

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