The Ethics Challenge is a competition for CFA charterholders and other investment industry professionals that analyse a case study which contains a variety of ethical dilemmas. The case study is developed by the society in conjunction with CFA Institute and incorporates common ethical issues and the application of the CFA Institute Code of Ethics and Standards of Professional Conduct. Judges: Rowan Williams Short, CFA, Head of Fixed Interest at Vunani Fund Managers; Sonia Gandhi, CFA, Director of Ethics and Professional Standards at CFA Institute; Rosanne Howarth, CFA, Client Fund Manager at STANLIB; Philip Bradford, CFA, Head of Investments at Portfolio Metrix Asset Management & CFA Institute certified ethics trainer; and Nigel Suliaman, CFA, Portfolio Manager at Sanlam Investment Management Moderated by: Raazia Ganie, CFA