CIS inaugurates committee to review code of ethics


 Johnson Okafor

The Chattered Institute of Stockbrokers has commenced moves to review its Code of Ethics and Standard of Professional Conduct to strengthen the members’ professional practice, enhance their relationship with investors and restore confidence in the market.

As a prelude, a committee, which comprises eight people has been inaugurated to review the existing Code of Ethics which has been operational for 10 years.

The committee members will also update the Code of Ethics in line with the present realities in the global financial market.

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The committee’s chairman is Mr Ariyo Olushekun, Mr. Jude Chiemeka, vice chairman while Mr Adedeji Ajadi is the secretary. Other members are Alhaji Isayku Tilde, Prof. Helen Andow, Dr. Tayo Bello, Mr Moustapha Muhammed and Mr Olasunkanmi Iranloye.

The institute’s president, Mr Olatunde Amolegbe, who described the committee’s members as professionals, charged them to leverage their education, experience and professional approach to produce a better and current ethical codes for the institute.

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According to him, the institute has rules that guide the conduct of members and their relationship with the clients.

He explained that the committee would review the code of conducts and ethics in line with the institute’s business which is solely guided by integrity.

“The committee has been asked to play a major role in the development of the capital market. The outcome of the activities of the committee in particular will go a long way in restoring investors’ confidence in the market.”

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He added that stockbrokers needed to be guided, especially in the aspects of the code of ethics and standard of operations because they would be judged by the ethical standard of their operations.

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