Answer: Inform clients about all forms of manager compensation.

**Explanation:** - **Option A** is incorrect because while members must disclose all actual and potential conflicts of interest to clients, they are not required to eliminate all such conflicts. The focus is on transparency, not elimination. - **Option B** is correct. A recommended procedure under Standard III(A) is for members to ensure clients are fully informed about all forms of manager compensation. This aligns with the principle of loyalty and care by promoting transparency. - **Option C** is incorrect because the recommended procedure is to provide clients with itemized statements of funds and securities **at least quarterly**, not annually. This ensures regular updates and accountability. This question tests understanding of the practical steps members should take to adhere to ethical standards, particularly in maintaining client trust and transparency.

Author: LeetQuiz Editorial Team