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Ethics and Integrity for Capital Market Professionals

Ethics and Integrity for Capital Market Professionals

Dates:  31 May 2018 (8.30am - 1.00pm) 
Venue: Securities Commission Malaysia
Accreditation: SIDC CPE-approved: 5 CPE points


“In looking for people to hire, you look for three qualities: INTEGRITY, intelligence, and energy. And if they don't have the first, the other two will kill you." 
- Warren Buffet

Since the Asian financial crisis, apart from regulations on market misconduct and the emphasis on good corporate governance practices, it has been acknowledged that having capital market intermediaries of sound professional standards, ethics and integrity is imperative to ensure fairness, transparency and efficiency of the capital market industry as a whole. Compliance to securities laws and guidelines is no longer sufficient as the investors rely on the integrity of the markets' to provide them the confidence to invest or trade in securities.
 
Even at the organisational level, ethics and integrity is of utmost importance. The way an organisation conducts business with the public, vendors, clients and other stakeholders; and the way employees represent the organisation’s business, matters.  Building workplace ethics and integrity involves developing and maintaining a professional and respectful workplace. It involves ethical leadership, active management, effective processes, professionalism and most importantly self-internalisation by the employees.
 
This programme aims to discuss the issues on ethics and integrity from the perspective of a capital market professional. What are the grey areas or blind spots in carrying out daily business transactions with ethics and integrity? One might be ethical in one situation and do not realise that they are not ethical in other situations.  What does one do if one comes across a situation of unethical conduct in their organisation, although no laws are breached? How do companies respond to unethical practices?  

  • Programme Delivery

    Programme Objective

    This programme is designed to provide an overview of ethics and integrity in practice in the Malaysian capital market, how to raise and maintain the culture of genuine professionalism and integrity in their organisation and how to deal and act accordingly in facing ethical dilemmas and issues of integrity in the capital market. 

    Learning Outcomes

    Upon completion of this programme, participants will be able to:
    • explain the importance and practical significance of ethics, integrity and professionalism in the Malaysian capital market
    • identify the relevant standards, codes of conduct and principle on ethics and integrity applicable to Malaysian capital market participants  
    • internalise their organisation’s code of conduct relevant to own roles and responsibilities and the industry at large
    • determine common ethics and integrity issues and dilemmas that may arise and the principles and best practices in dealing with them

    Methodology

    Interactive presentations, Question-and-Answer (Q&A) sessions and case study discussions

    Target Audience

    Employees of stockbroking firms, fund management companies, unit trust management companies (UTMCs), investment and commercial banks, insurance companies and PLCs, financial planners, investment advisors, lawyers, accountants, compliance and risk management officers

    Competencies

    Core – Ethics & Integrity, Risk Management and Corporate Governance
    Foundational (Regulatory Knowledge) - Capital Market Institutions,
    Capital Market Intermediaries and Anti-Money Laundering
    Functional (Process Skills) - Know Your Client
  • Programme Outline

    8.30 am Registration
    9.00 am
     
    Session 1
     
    General Concept of Ethics and Integrity
    • Honesty, Ethics and Integrity
    • Perception of Right and Wrong, Role of Rationalisation
    • Acceptable Standards of Behaviour
    • Business Ethics vs Personal Ethics
    Severity of Unethical Behaviour
    • The Importance of Ethics And Integrity
    • The Implications - (reputation, financial, judgement, bias and etc)
     
    Session 2
     
    Ethics, Integrity and Professionalism in the capital market
    • Capital Market Services Act, Codes of Conduct and Professional Standards  for the Capital Market
    • Relationship of Ethics to Regulations, Corporate Governance and Risk Management
    • Is complying with the law adequate?
    • Common Grey Areas – Blind Spots
    • The Snowball Effect – Unethical Practices to Misconduct
    10.30 am Coffee Break
    10.45 am
     
    Session 3
     
    Ethics, Integrity and Professionalism in the capital market (cont)
    • Code of Ethics for the Financial Services Industry
    • Principle 1: Competence
    • Principle 2: Integrity
    • Principle 3: Fairness
    • Principle 4: Confidentiality
    • Principle 5: Objectivity
    • Dealing with Fairness and Transparency
    • Dealing with Conflict of Interest
    • Handling Sensitive and Confidential Documents
     
    11.45 am
     
    Session 4
    Ethics and integrity in the workplace
    • Organisational Code of Conduct
    • Internalising Ethical Behaviour
    • Leaders Role in Shaping Organisational Ethical Culture
    • Response to Unethical Practices – What Can You Do?
    • Reporting on Unethical Practices
    • Application Of The Code
    • Legal Protection For Whistleblowers
    • Whistleblower Protection Act (WPA) 2010
    • Scope And Limitations of WPA 2010
    • Successful Internalisation of Ethical Culture –A Case Study Discussion
     
    1.00 pm End of Programme
  • Programme Fees

    Group of 3 or more pax Normal Price
    RM 524.70 RM 583
    *Inclusive of 6% GST