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#cabra-session #ethical-vs-legal-standards #ethics #has-images #reading-rene-toussaint
Laws and regulations often lag behind current circumstances; legal standards are often created to address past ethical failings and do not provide guidance for an evolving and increasingly complex world.
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Laws and regulations are not always the best mechanism to reduce unethical behavior. They often lag behind current circumstances; legal standards are often created to address past ethical failings and do not provide guidance for an evolving and increasingly complex world. In addition, new laws designed to reduce or eliminate conduct that adversely affects the markets can create opportunities for different but similarly problematic conduct.
but they are not always the same. Some legal behaviors are not considered ethical. Some ethical behaviors may not be legal in certain countries. <span>Laws and regulations are not always the best mechanism to reduce unethical behavior. They often lag behind current circumstances; legal standards are often created to address past ethical failings and do not provide guidance for an evolving and increasingly complex world. In addition, new laws designed to reduce or eliminate conduct that adversely affects the markets can create opportunities for different but similarly problematic conduct. Investment professionals should act beyond legal standards, making good judgments and responsible choices even in the absence of clear laws or rules.
Parent (intermediate) annotation
Open itLaws and regulations are not always the best mechanism to reduce unethical behavior. They often lag behind current circumstances; legal standards are often created to address past ethical failings and do not provide guidance for an evolving and increasingly complex world. In addition, new laws designed to reduce or eliminate conduct that adversely affects the markets can create opportunities for different but similarly problematic conduct.
Original toplevel document
Subject 5. Ethical vs. Legal Standardsbut they are not always the same. Some legal behaviors are not considered ethical. Some ethical behaviors may not be legal in certain countries. <span>Laws and regulations are not always the best mechanism to reduce unethical behavior. They often lag behind current circumstances; legal standards are often created to address past ethical failings and do not provide guidance for an evolving and increasingly complex world. In addition, new laws designed to reduce or eliminate conduct that adversely affects the markets can create opportunities for different but similarly problematic conduct. Investment professionals should act beyond legal standards, making good judgments and responsible choices even in the absence of clear laws or rules.
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