1.
While discussing the impact of new food safety regulations on the food industry, client wishes to know how this would affect the stocks of PQR, a food company.
Should Mentor answer this question?
2.
The Mentor is a well-connected individual. A friend of a friend, who is on the Board of a certain PQR Company, has hinted that there likely to be an announcement with regard to the CEO of PQR.
Can the Mentor mention this to the client?
3.
Mentor has retired from the R&D section of PQR, a pharmaceutical company. His client is enquiring about certain clinical trials conducted by PQR whilst Mentor was still employed there.
4.
During the course of a consultation, a client is obliged to give certain non-public information to the Mentor.
Can the Mentor use this information during his consultations with other clients?
5.
During the course of a consultation, a client gives certain non-public information about PQR Company to the Mentor. The Mentor believes that the stock value of PQR is bound to rise in the short term
Can the Mentor purchase the stocks of Company PQR?
6.
The Mentor is a Director on the Board of PQR, which has just announced an open offer to stockholders for the sale of their shares. A client wishes to consult the Mentor on distribution channels in rural areas for the client’s own products.
Can the Mentor advise the client?
7.
Mentor is listed on the Website as Director of PQR, a telecom company. He thereafter retires from PQR and joins ABC, an FMCG company. He however, fails to update his personal information on the Website. A User makes an appointment with him to consult on the telecom business. Having made the requisite payment, User wishes to cancel the consultation upon discovering that Mentor is no longer involved in the telecom business.
Mentor feels he still has the necessary expertise to consult with User. Is a refund due to the User?
8.
Mentor was a Director on the Board of PQR Company, which was recently in the news for being embroiled in litigation for tax evasion. His client wishes to consult him on this litigation and the various strategies used.
9.
Mentor has retired from PQR, a market research company. It is known that PQR has conducted extensive surveys on the subject of advertising efficacy in the hair care segment. PQR has never published its findings with regard to these surveys. During a consultation, the client asks a question which would require the Mentor to reveal some of the survey results. Mentor wishes to answer the question as he has left the company long ago and much time has elapsed since the surveys were completed.
Should he do so?
10.
After analysing several news articles and published interviews with various Directors of PQR, Mentor has deduced that PQR is bound to resort to down-sizing in the near future.
Can he discuss this analysis with a client?
11.
Mentor is the Director of a short film on priesthood. The release of this film was accompanied by vociferous agitations from religious right wing groups. A client is consulting with the Mentor on marketing methods for short films. During the consultation, Mentor rants about religious leaders and denounces certain religious groups.
Is Mentor correct in doing so?
12.
Mentor is planning on starting his own consultancy firm. He gathers information on potential clients from the WissenX Website and mails his bio-data to them.
Can he do so?
13.
Mentor, a senior lawyer, has confirmed an appointment on the Website. Just before the appointed time, he gets called to the Court for his case that has just reached hearing. He asks his assistant, a very skillful and accomplished lawyer, to handle the appointment for him. His assistant is more than capable of handling the appointment successfully and up to the expectations of the client.
Can the Mentor delegate the appointment as described?
14.
A client reveals material non-public information to Mentor that indicates that the stock of Company PQR will crash shortly. Mentor’s wife owns shares in PQR.
Can Mentor instruct his wife to sell her shares, even though he does not reveal the confidential information to her?