MCM Credo

The most important responsibility we have is to our clients. The bond of trust we strive to nurture with them is as important as our commitment to maintaining the highest standards of professional competence. The 'Golden Rule' governs our conduct: We treat our clients as we would want to be treated were the roles reversed.

We pledge to our clients that we will abide by the Chartered Financial Analysts Code of Ethics:

• We will conduct ourselves with integrity and dignity and always place client interests above our own.
• When conducting research, we will act in a professional and ethical manner that reflects positively on our profession.
• We will always strive to maintain and improve the competence of the firm's professionals.
• We will use proper care and exercise independent professional judgment.
• When assessing potential investments, we will, among others things, consider the conduct of management.

We are also responsible to the men and women who work to fulfill our mission.

• All individuals must be accorded the respect they deserve, and their contributions should be recognized.
• We will be cognizant of the need that people have to feel secure in their jobs.
• Compensation must be fair and adequate, and the environment must be conducive to personal and professional growth.
• We will foster an environment that makes it possible for employees to fulfill their family responsibilities.

We embrace the responsibility we have to our community. We strive to be good citizens. We will support and provide leadership to those charities and institutions that contribute to the common good.

Our final responsibility is to the stakeholders in our firm, who have committed their capital to the pursuit of business value. The business must provide these owners with a satisfactory return on their investments.