Lucas is a senior investment analyst at a large mutual fund company. As part of his responsibilities, he frequently provides research reports on various sectors to the fund's portfolio managers. Recently, he was contacted by a technology company, TechGurus Inc., which he has covered extensively in his reports. TechGurus Inc. has proposed a lucrative consulting agreement with Lucas, offering him a significant fee for advice on their upcoming product launch. Lucas values his relationship with TechGurus and believes that the consulting work could enhance his résumé, but he is also aware that accepting the offer may create a significant conflict of interest given that he currently recommends TechGurus as a buy to the fund's managers.
Lucas discusses the proposal with his compliance department, but they seem unsure about whether he can accept the offer without violating their firm's policies. Subsequently, he decides to accept the consulting agreement and proceeds to inform his managers of his decision.
Which of the following actions taken by Lucas is most appropriate concerning the CFA Institute's Code of Ethics and Standards of Professional Conduct regarding conflicts of interest?