Kerry Wright, a CFA candidate, is a portfolio manager at City Management Company. The company is considering investing offshore for the first time, particularly in North America, on behalf of their clientele, which is composed of high net-worth individuals. Wright does not have experience in offshore investments, so she hires Mark Mosher, CFA of Garry Consulting, on the basis of his CFA Charter, to undertake due diligence exercises on the top ten portfolio managers in North America, ranked by Assets under Management (AUM). To avoid violating any Code and Standards statutes, Wright should most likely undertake ______.

Explanation: Wright can delegate a due diligence exercise to a third party but must ensure that the person or company hired is competent and has the skills necessary to undertake a thorough and appropriate analysis. Just because a person has a CFA Charter does not necessarily mean he is appropriate for the assignment.