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Karen Dalby, CFA, volunteers on her church’s finance board but receives no cash compensation so she does not report the arrangement to her employer. Board compensation is limited to an annual retreat to Hawaii, but the accommodations are modest. Dalby does not enjoy the retreat and often considers skipping the event entirely. Dalby is most likely: A. not in violation of the Code and Standards. B. in violation of Standard IV(B) "Additional Compensation Arrangements." C. in violation of Standard IV(A) "Loyalty." |