The correct answer is B. Under Standard III(A)–Loyalty, Prudence, and Care, members and candidates who manage a company’s pension fund owe these duties to the participants and beneficiaries of the pension plan, not the management of the company or the company’s shareholders.’

B是正确的，这涉及到Standard III(A)–Loyalty, Prudence, and Care。CFA会员以及候选人的客户是养老基金的受益者，而非是公司管理者或股东，因此选B。