Ethical and Professional Standards Q78

78Robert Blake is on the board of directors of Rice Industries and receives free tickets at the end of each quarter for his entire family to travel to any city of their choice in Europe for his services to the board. Blake does not disclose this information to his employer since it is not a monetary compensation. Has Blake violated any CFA Institute Standards of Professional Conduct?

Option : B
Explanation : Blake has violated Standard IV(B) Additional Compensation Arrangements by failing to disclose to his employer benefits received in exchange for his services on the board.

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