Which of the following constitutes a personal financial interest that must be disclosed in PMK practice?

• A. Only large ownership interests in vendors with direct contract value.
• B. Any material financial stake in a vendor, client, or matter that could influence decisions or create reciprocal obligations.
• C. Personal investments in a diversified fund unrelated to client matters.
• D. Gifts from vendors that are promptly repaid.

Answer: (B)