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Investment officers fees

Expert replies
by EricKryk » Sat Mar 01, 2014 8:29 pm
Since 1986, when the Department of Labor began to allow investment officers' fees to be based on how the funds they manage perform, several corporations began paying their investment advisers a small basic fee, with a contract promising higher fees if the managers perform well.

(A) investment officers' fees to be based on how the funds they manage perform, several corporations began

(B) investment officers' fees to be based on the performance of the funds they manage, several corporations began

(C) that fees of investment officers be based on how the funds they manage perform, several corporations have begun

(D) fees of investment officers to be based on the performance of the funds they manage, several corporations have begun

(E) that investment officers' fees be based on the performance of the funds they manage, several corporations began
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Source: — Sentence Correction |

by Patrick_GMATFix » Sat Mar 01, 2014 8:42 pm
Verb tense is tested ("Since 1986...corporations began/have begun") along with pronoun agreement (they should refer to officers, not officers' fees) and other minor rules.

The answer is D. I go through the question in detail in the full solution below (taken from the GMATFix App).

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