IIMB has an active association and a MOU with CFA Institute. As a part of this collaboration, the Centre for Capital Markets and Risk Management/Finance Lab organizes a 90 minutes talk on ethics on October 18, 2018. The details of the workshop and profile of the speaker are given below.
‘Dealing with Ethical Dilemmas and Ethical Decision Making in the Investment Management Industry’, by Michael McMillan
Date – 18th October 2016,
Indian Institute of Management, Bangalore
Time: 3.30 p.m. to 5.00 p.m.
Venue: To be announced
Being able to work successfully with ambiguity is increasingly cited as a critical skill in modern workplaces. Ambiguity presents numerous challenges, among them the ability to identify reliable principles to base decision making on, and the ability to apply a process through which to systematically evaluate options for action.
Ethical dilemmas are a form of workplace ambiguity, readily generated by the competing priorities in finance and investment businesses. It is a common misperception that unethical action is an uncommon occurrence, performed by already bad people. On the contrary, ethical dilemmas are entirely commonplace occurrences, and often result in perfectly good people deciding to do questionable things.
CFA Institute is a not-for-profit organization that has had ethics at the core of its mission and programs for over 50 years; its mission is to raise professional and ethical standards so that the investment industry serves the greater good of society. Michael McMillan, CFA would be conducting a 90 minutes case based workshop, which will broadly have 3 goals:
- Encourage you to become more conscious about your thoughts and behaviors so that you are more likely to notice, and act upon ethical issues before they become a problem
- To recognize that ethical dilemmas are a normal and predictable part of most jobs
- To discuss and practice approaches for dealing with ethical issues
About Michael McMillan:
Michael McMillan, CFA, is Director of Ethics and Professional Standards at CFA Institute, where he is responsible for creating, sourcing, and developing educational content for CFA Institute members and investment professionals in the area of ethics and professional standards. Previously, he was a professor of accounting and finance at Johns Hopkins University’s Carey School of Business and George Washington University’s School of Business. Prior to his career in academia, McMillan was a securities analyst and portfolio manager at Bailard, Biehl, and Kaiser and at Merus Capital Management. He is a certified public accountant (CPA) and a chartered investment counselor (CIC). McMillan holds a BA from the University of Pennsylvania, an MBA from Stanford University, and a PhD in accounting and finance from George Washington University.