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Answer: Secure written approval from both their employer and the third party before accepting the compensation.
According to **Standard IV (B) - Additional Compensation Arrangements**, members must obtain written consent from both their employer and the third party before accepting any compensation or benefits that could create a conflict of interest. This ensures transparency and adherence to professional integrity. The standard explicitly requires prior written permission to avoid any potential conflicts, making **Option C** the correct choice.
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According to the Standard on Additional Compensation Arrangements, a member offered additional compensation from a third party for services that may conflict with their employer's interests must:
A
Refrain from accepting any additional compensation under all circumstances.
B
Promptly inform their employer upon receiving compensation from the third party.
C
Secure written approval from both their employer and the third party before accepting the compensation.