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Ethical and Professional Standards Q87

0. Penelope Cox is employed by Jameason Investment, and provides investment advice to the trustees of SYU University in order to recommend investments that would generate capital appreciation in endowment funds. Cox has been given internal reports by the trustees that highlight the expansion of the university. Cox is approached by Bradley Cooper, a local philanthropist who is considering a generous contribution to SYU and another university in the area, but he would like to see the expansion plans of SYU before making the donation. Cox knows that he does not want to speak to the trustees hence she gives a copy of the internal report to Cooper. Has Cox violated the Code and Standards?

  • Option : B
  • Explanation : Cox was given the internal reports by the trustees; because the information was confidential Cox should have refused to divulge it to Cooper. Therefore, by handing the internal reports to him Cox violates Standard III(E) Preservation of Confidentiality
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