Karen Dalby, CFA, is a rising star at a major investment bank and has an
extremely demanding schedule. To avoid "burning out" new hires, the bank has
instituted a mandatory vacation policy which requires employees to take at least
5 days of vacation per year. At the end of the year, Dalby has taken no
vacation, but is scheduled to travel to Fiji to take the mandatory 5 days. The
bank’s most important client is suddenly targeted in a hostile takeover and asks
specifically for Dalby to join the takeover defense team. Her supervisor, Hank
Lone, CFA, asks Dalby to cancel her vacation and she complies. Lone is most
likely:
A)
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not in violation of the Code and Standards.
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B)
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in violation of Standard IV(A) "Loyalty."
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C)
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in violation of Standard IV(C) "Responsibilities of
Supervisors."
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