Canadian Ethics Challenge sets sights on building foundation for Canada's financial future
Twenty-two of Canada's brightest young minds have been identified through CFA Societies Canada's second annual national Canadian Ethics Challenge. Universities from across Canada were invited to participate in regional competitions where they were each assigned an identical case study to review and present to CFA societies across Canada.
The case study included an ethical dilemma and teams were judged based on their ability to identify all ethical issues outlined within, in accordance to the CFA Institute Code of Ethics & Standards of Professional Conduct, and their recommended course of action.
"Part of CFA Societies Canada's mandate, as an extension of CFA Institute, is to ensure the highest ethical standards are met within our industry. We've been a driving force in ethical standards for the financial industry as part of our key activities since day one," says Clayton Gall, Chair and President Council Representative of CFA Societies Canada. "This is the second year that we're executing the challenge on a national scale and we've seen significant growth in interest compared to last year with a 40 per cent increase in entrants."
This year's regional competition's included 26 post-secondary institutions including two teams from Winnipeg. The Prairies regional competition, which was held in Winnipeg, had 6 teams participating with the winner, Mount Royal University advancing to represent the Prairies region in the finals.
"All participating teams delivered thorough and professional presentations and the participants demonstrated their depth of their understanding during the question and answer period," says Joe Brekelmans, President, CFA Society Winnipeg. "It was encouraging to see students demonstrate their knowledge of best practices, ethical standards and guiding principles. The experience left me feeling very optimistic of the future of finance in Canada."
The competition is designed to promote critical thinking, analysis and increase students' awareness of ethical dilemmas they may encounter as they enter the workforce and move through their careers. Case studies are written to mirror real life ethical dilemmas that participants could one day encounter and intended to build a strong Future of Finance.
The finalist team competing in the 2018 CFA Societies Canada Ethics Challenge hail from:
- Mount Royal University
- Saint Mary's University
- Thomson Rivers University
- Université de Sherbrooke
- University of Ottawa, Telfer School of Management
These teams will compete for the national title in Vancouver, BC, on Thursday May 3, 2018. At the final competition, teams will be assigned a second case study and will have three hours for analysis before presenting to a live judging panel of CFA charterholders and participating in a live question and answer period.
Register to watch LIVE STREAM the 2018 CFA Societies Canada Ethics Challenge on Thursday May 3, 2018 at 3:45pm – 7:30pm CST.
Members are encouraged to post content to social media using dedicated hashtag (#CFAEthicsChallenge)
For more information about the Canadian Ethics Challenge, please visit CFA Societies Canada online.
About CFA Societies Canada
CFA Societies Canada is a collaboration of CFA Institute and the 12 Canadian member societies, whose mission is to build brand awareness of the CFA designation and to advocate for the highest standards of integrity and ethics for the ultimate benefit of Canadian investors. For more information, please refer to www.cfasociety.org/canada.