) WHICH OF AKINYI'S POLICIES IN RECOMMENDATION 2 WOULD LEAST LIKELY...

3.) Which of Akinyi's policies in Recommendation 2 would least likely comply with the Asset

Manager Code of Professional Conduct and its general principles if implemented?

A. Policy 1

B. Policy 2

C. Policy 3

Answer = A

"Asset Manager Code of Professional Conduct," Kurt Schacht, Jonathan J. Stokes, and

Glenn Doggett

General Principles of Conduct; Section F: Disclosures

The board of directors have corporate finance experience and business experience but

not asset management experience. Consequently, they may not act with skill or

competence, as required by the fourth principle of the General Principles of Conduct.

Therefore, they should hire professional asset managers to manage the Fund.