Answer: both for services rendered to her employer and for services that might create a conflict with her employer's interest.

## Explanation According to Standard IV(B) - Additional Compensation Arrangements of the CFA Institute Code of Ethics and Standards of Professional Conduct, members must obtain written consent from their employer before accepting compensation, gifts, or benefits that could reasonably be expected to create a conflict of interest with their employer. This includes: 1. **Services rendered to the employer** - Any compensation from third parties for services performed for the employer 2. **Services that might create conflicts** - Any compensation that could create a conflict with the employer's interests Therefore, the correct answer is C: both for services rendered to her employer AND for services that might create a conflict with her employer's interest. **Key Points:** - The standard requires written consent from the employer - This applies to all forms of compensation, gifts, or benefits from third parties - The purpose is to prevent conflicts of interest and ensure transparency - Members must disclose all such arrangements to their employer before accepting them

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