Ethics are a set of moral principles that can be used to judge a person’s actions and behavior. Ethics represent the values considered admirable in a society. They help distinguish good (or even obligatory) behavior from bad behavior.
Ethical behavior balances self-interest with the direct and indirect consequences of that behavior on others. Ethical principles include honesty, fairness, and respect for the rights of others.
This post addresses a learning outcome in “Ethics and Trust in the Investment Profession,” which is part of the curriculum for the CFA Program.