This lesson examines the professional ethical standards expected of treasury professionals, based on the ACT’s Ethical Code .

7.1 The Importance of Professional Ethics
The treasury function deals with large sums of money and sensitive financial information, making integrity, independence, and professional competence absolutely critical .

7.2 Fundamental Principles
The ACT Ethical Code outlines key principles governing the conduct of treasury professionals:

• Integrity: Avoiding conflicts of interest and serving employers honestly.

• Independence: Making professional judgements independently.

• Professional Competence: Complying with technical and professional standards.

• Confidentiality: Refraining from disclosing confidential information for improper purposes.

7.3 Conflicts of Interest
A core ethical challenge is managing conflicts of interest between the treasurer’s duties to their employer, shareholders, and counterparties .