CASE STUDY ANALYSIS Work through the case study (following page) using just ONE of the following models of your choice to reach and justify a responsible and ethical judgement in relation to the case study: Ethical Decision-Making Model (Hartman et al. 2020) . Good Decision-Making Model (Longstaff et al. 2020) AAA Decision-Making Model Baird Decision-Making Model Clearly identify the decision-making model you are using and then use the subheadings appropriate to the chosen model to structure your response. There is space to write your response after the case study. As you apply your chosen model, ensure your response demonstrates your knowledge of the following unit learning outcomes: . Apply ethical theories, principles and decision-making models in arriving at a professional judgement in national and international settings. (ULO1) . Communicate and meet the responsibilities of finance professionals in relation to stakeholder interests. (ULO2) . Apply codes of ethics for finance professionals. (ULO4)CASE STUDY 1I'TlIU have graduated from Deakin and have joined a major financial advice rm in the city. The boutique rm is known for its famous clients, many of whom are celebrities and their respective family and friends. As a young graduate you we nt through a difcult selection criterion to successfully fill a very soughtafter and competitive position as an adviser. Don Richardson is the executive and top senior adviser at the rm and takes time to personally mentor and train new recruits, to make sure they become familiar and comfortable with their role and also become familiar with the rm's culture. Don invites you regularly to his home for dinner and you also regularly help him out as a family friend. Don's partner, Mary Wilson, worked as a real estate agent for twenty years and is now considering a career change. Don and Mary only recently started dating, and so far you were the only person from the rm who had the opportunity to meet and spend time with Mary. A. few months into your job, you learn that the position of consultant in real estate investment was lled by none other than Mary Wilson herself. This is surprising to you at first, but as the weeks go by it doesn't seem unusual to you, especially given the professionalism shown by both Mary Wilson and her partner, senior adviser Don Richardson, in the workplace. Both Don and Mary are able to separate their personal life from their professional engagements. Mary quickly adjusts to her role and in very short time is able to use her extensive experience to bring in many satisfied clients. Afte r her half year probationary review, she is now up for a promotion which CDITIEi- with a pay rise and other benets. You later learn that Don Richardson was part of the committee for both the promotion and the probation. Given the performance of the rm, especially in the real estate investment area, Don Richardson was eligible to receive a bonus for his leadership. It was always clear to you that the performance ofthe team, including Mary Wilson, was a reection of genuine hard work and professionalism. There have been no behavioural issues at work due to the personal relationship between Don and Mary. What you initially assumed to be good professional behaviour turned out to be more, as it eventually becomes clear to you that Mary and Don are deliberately distant from each other because no one in the rm, except you and a few senior executives, have knowledge about their relationship. While you are convinced that both Don and Mary have worked professionally and have achieved their success purely on their own skill and merit, it still troubles you that their personal relationship outside work has not been more transparently disclosed. Even though there are no behavioural issues of concern regarding how Don and Mary interact and work together at the rm, it still troubles you that there is so much secrecy surrounding their relationship. You wonder if this is simply to keep their personal life separate and private which is what they are entitled to do. While the rm has achieved success in some areas, there were some ongoing issues that have appeared to have gotten worse since the time you joined. The rm was subject to a joint investigation by two top Page 3 of IE MM250: Ethics for Financial Professionals T2 2020 ERAMINAHDN media outtets, which uncovered a story that the rm had a number of elderly clients who had since faced nancial difculty due to being recommended riskier investment products by the rm. At least 3,000 clients of retirement age have led complaints with their losses widely known due to media interest. As part of the same investigation, it was also found that executive remuneration had soared in the last ve years, with a signicant increase in the number of senior staff who earned an average salary of $300,000 per annum. The salaries of the seven top executives average around $660,000 per annum. In addition to his salary, Don was also entitled to bonuses in connection with the recent success of Mary Wilson in her work leading the real estate investment side of the rm's financial advice service. Don and If you were to file an internal complaint about the lack of transparency and disclosure regarding the personal relationship between Don and Mary, there is a strong possibility that Don may not only be stripped of the bonus for failing to properly declare that Mary Wilson was his partner, but both may lose their credibility and reputation as talented financial advisers. The lack of timely and responsible disclosure will make Don and other senior executives responsible for the alleged mismanagement, underperformance, and poor governance reported by the media. This will likely damage the firm and put them at risk of losing their valuable clients. You are faced with a difficult dilemma with a range of issues. You feel you need to make use of all your training and education in ethics to reach and justify a responsible and ethical decision. What do you do