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Conduct and oversight

In a highly competitive, complex business world, it is essential that CIMA members sustain their integrity and remember the trust and confidence which is placed on them by whoever relies on their objectivity and professionalism.

Members must avoid actions or situations which are inconsistent with their professional obligations.CIMA charter crest

Misconduct

'Misconduct' means in respect of any member or registered student:

(i) failure to comply with the Laws of the Institute; or
(ii) conduct resulting in any conviction (or adverse finding by, or sanction or order of, or undertaking to, any tribunal or court or other body or authority) relevant to their membership or registration with the Institute (byelaw 1) 

Duty to report misconduct

Under byelaw 11, a member or registered student shall report to the institute any facts or matters which cause him or her to believe reasonably that another member or registered student may have been guilty of misconduct as defined in byelaw 1, and when considering such a report shall have regard to guidelines issued in this connection by the institute.

More information around conduct including complaints and disciplinary procedures, conduct committees and how to contact CIMA professional conduct staff can be found in the professional conduct area.

Duty to notify

Under part I/19 of the regulations members and registered students have a duty to notify CIMA, within 30 days, if they:

(a) sustain a disciplinary sanction before any body or tribunal
(b) are found guilty of an offence by any court
(c) are declared bankrupt or made subject to a bankruptcy restrictions order or undertaking
(d) enter into an individual voluntary arrangement with creditors
(e) are disqualified from acting, or give an undertaking not to act, as a director or trustee 

Bankruptcy

Bankruptcy does not automatically affect your membership or student registration. A member or student who is declared bankrupt is required however to notify the Institute, and should continue to act professionally within the Laws of the Institute, including the Code of Ethics. Declarations will be assessed on a case by case basis and CIMA will request further information from you once we have received your initial declaration.

You must notify CIMA of any of the above at prof.standards@cimaglobal.com.

If you feel you need guidance on insolvency matters, please use the following ethics tools: