Ethical Decision-Making Workshop: How to do the right thing even if no one is watching

Visiting Scholar

Online via Zoom

More Information

Can ethics be dangerous to your career?  What should you do if you are asked to do something that you believe is illegal or unethical?

Although ethical dilemmas are a normal and predictable part of the workplace, they can be damaging to a professional's career if they are not prepared for the organizational challenges that may test personal values and a commitment to doing the right thing. Formal ethics training and an organizational culture rooted in ethical practice is vital to ensure that investors’ interests come first, and that trust grows and is maintained in the industry.

This interactive virtual events examine real-life dilemmas that investment industry professionals may face in their careers, and that may not have a clear right or wrong response. Participants consider potential courses of action to address the issues involved and vote on one they believe is best, which are designed to spark discussion and reveal unique perspectives. Participants will also learn about the CFA Institute Ethical Decision-Making Framework and how they can use it to analyze a situation or dilemma.

Bio: Michael McMillan, PhD, CPA, CFA, CCEP.  Director, Ethics Education and Professional Standards.  Dr. McMillan joined CFA Institute in October of 2008 after more than a decade as a professor of accounting and finance at Johns Hopkins University’s Carey School of Business and George Washington University’s School of Business.  Prior to pursuing a career in academia, he was a securities analyst and portfolio manager at Bailard, Biehl, and Kaiser and Merus Capital Management in San Francisco, California.

As the Director of Ethics Education and Professional Standards, Dr. McMillan is responsible for creating and developing educational content for CFA Institute members and investment professionals in ethics and professional standards.  He is also responsible for providing Ethical Decision-Making Workshops to pension plan trustees, investment professionals, regulators, and university students.

Prior to joining CFA Institute, Dr. McMillan served in a variety of volunteer capacities. He was a member of the CFA Council of Examiners for 10 years, and a grader for the CFA Level II and Level III exams for 12 years. In addition, he was the Vice President and Treasurer of the CFA Society of Washington, DC.

Currently, Dr. McMillan is the Treasurer and a member of the board of directors of the Alexandria Police Foundation, which provides resources to Alexandria police officers that improve officer performance, morale, and effectiveness. He is also the treasurer and a member of the board of directors of the Friends of Fort Dupont Ice Arena, a nonprofit organization, which provides free figure skating, ice hockey, speed-skating and synchronized skating lessons to underprivileged children in the Washington, DC area. Dr. McMillan is also on the Editorial Board of the Journal of Business Research and a member of the Society for Business Ethics.

Dr. McMillan has a PhD in accounting and finance from George Washington University, an MBA from Stanford University, and BA from the University Pennsylvania. He is a Chartered Financial Analyst (CFA), a Certified Compliance and Ethics Professional (CCEP), a Chartered Investment Counselor (CIC), and a Certified Public Accountant (CPA).