Sentence Correction

[AshutoshA687]

Hi Ron,
As per your video for use of 'based on' i tried to solve one question which is :

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

I already read the thread going on for the same, but i still do not get how C is correct.
https://www.manhattanprep.com/gmat/foru ... t2460.html
It looks to me like the use of based on is incorrect in the option as the fees should be based on the management of funds not the officers themselves.
Please correct me i am going wrong on some point.

[StaceyKoprince]

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