问题如下：
1. Are Excerpts 2 and 3 of Crawfood’s compliance procedures consistent with the CFA Institute Standards of Professional Conduct?
选项：
A.Yes.
B.No, because Excerpt 2 applies only to officers and their direct reports.
C.No, because Excerpt 3 does not require employees to achieve public dissemination.
解释：
B is correct.
Excerpt 2 is inconsistent with CFA Standards because it addresses only officers and only their direct reports, that is, employees whom they directly supervise. Standard IV (C) states that "any investment professionals who have employees subject to their control or influence" exercise supervisory responsibility. According to The Standards of Practice Handbook, "members and candidates who supervise large numbers of employees cannot personally evaluate the conduct of their employees on a continuing basis. Although these members . . . may delegate supervisory duties, such delegation does not relieve them of their supervisory responsibility." Excerpt 3 is consistent with CFA Standards. It is based on a quote from the Standards of Practice Handbook stating that "if a member or candidate determines that information is material, the member . . . should make reasonable efforts to achieve public dissemination." Members are not required to achieve public dissemination and those bound by a duty of loyalty or a duty to preserve confidentiality would refrain from doing so because it would breach their duty.
老师，B项中OFFICER具体是什么职位？officer和SUPERVISOR有什么不同？谢谢您。
