The Industry Practitioners' Ethics Challenge (IPEC) is a rigorous competition designed to reinforce the importance of ethical conduct among finance professionals. Participants engage in a comprehensive process, from pre-screening to final presentations, focusing on the practical application of the CFA Institute Code of Ethics and Standards of Professional Conduct.
Competition Structure:
Pre-Screening & Ethics Workshop:
Participants undergo a pre-screening test followed by a mandatory Ethics Workshop, ensuring a strong foundation in ethical principles.
Team Collaboration:
Teams are formed randomly, collaborating virtually to analyze complex case studies. A signed confidentiality agreement ensures the integrity of the competition.
Case Studies & Presentations:
Teams analyze two case studies, preparing presentations for both semi-final and final rounds. Semi-final & final presentations allow team members time to share their findings followed by a Q&A session.
Case studies in the IPEC challenge require teams to analyze real-world ethical dilemmas faced in the financial industry. Each team works collaboratively to identify ethical violations, assess their implications, and propose practical solutions aligned with the CFA Institute Code of Ethics and Standards of Professional Conduct. The analysis culminates in structured presentations, where teams defend their recommendations before a panel of industry experts.The top three teams receive prizes and plaques, while all finalists are awarded letters of attestation for their participation as well as prizes and plaques.
Judging Criteria:
Presentations are evaluated by a panel of CFA Charterholders and regulatory representatives.
Criteria include:
- Identification of ethical violations.
- Relevance and practicality of solutions.
- Adequacy of proposed actions.
- The persuasiveness of arguments.
- Performance during Q&A.
- Team member involvement.
2024 IPEC Highlights:
- Over 337 applicants demonstrated a strong interest in ethical practices.
- 70 semi-finalists attended an ethics workshop.
- Five finalist teams presented compelling case studies.
- Esteemed judges from regulatory bodies and industry evaluated the presentations.
- The 2024 competition was proudly sponsored by the Central Bank of Nigeria and the Securities and Exchange Commission, Nigeria.
- Team Wall Street emerged as the 2024 Champion.
Why Participate?
The IPEC offers a unique opportunity to:
- Enhance your understanding of ethical dilemmas in finance.
- Develop critical thinking and presentation skills.
- Network with industry leaders and regulatory professionals.
- Demonstrate your commitment to ethical excellence.