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For many years, John Berger, CFA, has been a mentor of Bob Chennings, a family friend, who just earned the CFA designation. Berger is the CEO of a firm that just hired Chennings, but the hiring was done at a lower level so Berger and Chennings have no direct contact in the daily operation of the firm. With respect to Standard IV(C), Responsibilities of Supervisors, Berger: A. must both develop written procedures concerning Chennings and routinely evaluate his performance. B. assumes no extra responsibility with the hiring of Chennings. C. must develop a set of written procedures to prevent violations derived from his mentoring Chennings. |