Ethical Dilemma in Conflicts of Interest

A financial analyst, Mike, works for a large investment firm that has a reputation for providing objective investment advice. Recently, he was approached by a major client, a corporation, that asked for Mike’s help in boosting their stock price prior to an impending acquisition. The corporation is willing to pay Mike a substantial consulting fee in exchange for his assistance in managing their public relations and communications regarding the acquisition.

According to the CFA Institute's Code of Ethics and Standards of Professional Conduct, which action should Mike take to ensure adherence to ethical standards?