C-26, r. 28 - Code of ethics of certified management accountants

Section 44.1 Disposition versions

2012-09-01

44.1. For members practising their profession within a partnership or joint-stock company, the following acts are also derogatory to the dignity of the profession:

(1)  failing to take reasonable measures, within 30 days of being aware of the act, to put an end to, or prevent the repeated performance of, an act derogatory to the dignity of the profession performed by a person who carries on professional activities within the partnership or joint-stock company;

(2)  continuing their activities within the partnership or joint-stock company or having an interest in the partnership or joint-stock company when they have reason to believe that a director, shareholder, partner or employee practises a profession, trade, industry, business, position or function that is incompatible with the practice of the profession;

(3)  continuing their activities within the partnership or joint-stock company when a person referred to in subparagraph a of subparagraph 1 of the first paragraph of section 3 or subparagraph a of subparagraph 1 of the first paragraph of section 4 of the Regulation respecting the practice of the profession of certified management accountant within a partnership or joint-stock company (chapter C-26, r. 33.1) who holds shares with voting rights or who acts as a director or officer of the partnership or joint-stock company, has been struck off the roll or had his or her permit revoked.

O.C. 904-2011, s. 21.