Which standard emphasizes the need for independence and objectivity in professional activities?

The standard that emphasizes the need for independence and objectivity in professional activities is professionalism. This principle encompasses the obligation of individuals to maintain a high standard of ethical behavior, which includes being free from conflicts of interest and avoiding any biases or influences that could affect their judgment.

Professionalism in investment management and related fields mandates that professionals act with integrity, provide fair treatment to clients, and uphold the trust placed in them by stakeholders. Independence and objectivity are crucial because they ensure that decisions are made based on sound reasoning and without undue influence from parties that may have a vested interest in the outcomes. This creates a framework within which professionals can operate, fostering confidence and trust in the investment community.

Other standards mentioned in the options focus on different aspects of professional conduct, such as maintaining the integrity of markets, protecting confidential information, and ensuring that advice and services provided to clients are suitable for their needs. While these are important, they do not specifically address the need for independence and objectivity to the extent that professionalism does.