For this quest. Read the highlighted portion.
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I’m not clear as to what you’re specifically asking, but let me explain everything that’s in there with respect to the question that has been posted.
Connor gives Jensen, the Pension Fund consultant, an overview of the fund in three given points.
For a site visit, Connor asks Jensen to get a tangible view of their process in action, by inviting Jensen to Zimbabwe and undertake an annual ESG assessment for one of their social impact investments.
Upon being questioned, about her travelling expenses, Connor, to avoid being in violation of the CFA Institute Code and Standards, specifically Standard I(B) – Independence and Objectivity, should reply that the fees would be borne by her clients. Indirectly, Connor wishes to say” Pay your own way!”. Jensen’s payment would be in the form of the amount she’ll be receiving, which in turn would be the amount she’ll be getting from her clients. So, indirectly her clients would pay for her travelling to Zimbabwe.
Of course, the other two options, i.e. Connor’s firm or the Step Up Fund, if pays for her travelling expenses, leaves a chance for Jensen to be biased and may hurt her Independence and Objectivity while making her analysis.
Hence, B.