Question
Marco Maggio, CFA, is scheduled to visit the corporate headquarters of Venus Industries. Maggio expects to use the information obtained there to complete his research
Marco Maggio, CFA, is scheduled to visit the corporate headquarters of Venus Industries. Maggio expects to use the information obtained there to complete his research report on Venus stock. The location of Venus Industries is within a 15 minute drive of a prestigious golf course. On arrival at the Venus premises, Maggio learns that Venus is offering Maggio an extension of his stay that weekend and invites him for a day of golf with all expenses paid. Venus Industries also offers to pay for all the expenses for the trip, including the cost of meals, hotel room, and air transportation back to Venus Industries. Which of the following actions would be the best course for Maggio to take under the Code and Standards?
a) Pay for all travel expenses, including costs of meals and incidental items and politely reject the golf outing offer.
b) Reject the golf outing offer but accept the reimbursement of the travel expenses since they are legitimate businessrelated expenses.
c) Accept the expensespaid trip and disclose the value of the trip in the report, but it is at Maggio's discretion to take the golf outing offer without disclosing it, as it occurs outside
working hours.
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