The Association’s Ethics Council has the following members:
| Prof dr jur Geir Woxholth (chairman) | Faculty of Law, University of Oslo |
| Randi Nordstrøm | Skandinaviska Enskilda Banken (publ) Oslofilialen |
| Gunnar Laksesvela | DNB Markets |
| Asbjørn Wangerudv | Global Fondsformidling AS |
| Jan Pollestad | Nordea Markets |
| Tom Kristoffersen | Carnegie ASA |
| Roar Hatling | ABG Sundal Collier ASA |
| Ole Wetlesen Borge | Pareto Securities AS |
| Inger Oddny Nergård (substitute) | Fokus Bank (Filial av Danske Bank A/S) |