CIRO Director And Executive Practice Questions - CIRO Director And Executive Exam

They must act honestly, in good faith, and with the view to the best interests of the corporation and its clients, exercising the care, diligence, and skill of a reasonably prudent person. They must guarantee that shareholders receive a consistent quarterly dividend and that no client accounts suffer trading losses. They are held to a standard of absolute liability, meaning they are personally liable for any corporate compliance breach regardless of due diligence. They must prioritize the financial returns of parent holding companies over the capital adequacy of the local dealer member.