CPABC in Focus November/December 2014 | Page 25

Can you give us an example of how focusing on best practices produced positive results? Ted: The mandatory ethics requirement is a good example. CGA-BC had a mandatory ethics requirement in each CPD cycle, and the other two bodies did not. We discussed the pros and cons at great length, and ultimately decided that there should be an ethics requirement, but a much more flexible one. It will no longer have to be a single qualifying four-hour course. Instead, members will be able to accumulate the hours from different sources. To me, that’s an example of coming together with best practices. Jamie: It’s fair to say that the discussion about the ethics requirement was one of our more interesting ones, because this represented a significant change. And, to me, it illustrates how healthy this process has been, because the focus all along has been on what is best for CPABC. Yes, we’re coming from different starting points, but part of the really compelling argument for adopting this particular requirement was the fact that one of the bodies already had it, and the fact that we’re in an environment where this is becoming more prevalent globally, so everyone supported it. better for both the public and members—so it’s really a win-win outcome. Ted: This also touches on something that has pervaded the entire process, which is balancing the needs of different stakeholders. Of course, there is the organization as a whole, but we’ve always considered the impact on members and tried to consider their perspective, as well as that of the other key stakeholder, which is the public. In everything we’ve done, we’ve balanced those three. Pamela: I think it’s a great example, because we achieved a compromise that will work Vancity Investment Management meets high standards: your standards. Your clients have come to expect a high standard of service. We’re proud to extend the same standards of professionalism, expertise, and care and attention your clients deserve. Our team of experienced and accredited portfolio managers will provide your clients with objective advice and customized investment services, just as we have done for other high net-worth individuals, non-profit groups, foundations, unions, and organizations for the past 20 years. Contact Kim Ly, Investment Management Consultant, to find out how Vancity Investment Management can help your valued clients reach their financial goals. [email protected] 778.233.8158 vcim.ca/infocus CPABC in Focus • Nov/Dec 2014  25