Answer: Investment Guidelines

The **Investment Guidelines** section of an Investment Policy Statement (IPS) provides details on how the investment policy should be executed, including the permissible use of leverage and derivatives. The **Procedures** section explains the steps to maintain the IPS and respond to contingencies, while the **Statement of Duties and Responsibilities** outlines the roles of the client, custodian, and investment managers. Therefore, the correct answer is **B**.

Author: LeetQuiz Editorial Team