easy · CFA Level I Ethical and Professional Standards
A member at Redhook Ports manages a pension plan for a company whose management is attempting to resist a hostile takeover. The management asks the member to vote proxies against the takeover.
The member should:
- Vote in the best interest of the plan beneficiaries
- Vote against the takeover as requested by the hiring management
- Follow the member firm’s internal policy of always supporting management
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