General Studies · Ethics and Code of Conduct
A Branch Manager of a commercial bank is tasked with procurement for branch services. She recommends a vendor owned by a close relative (her husband's brother), noting they submitted the lowest competitive bid. Which statement correctly describes the primary conflict of interest, the internal ethical value breached, and the appropriate organizational resolution?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Conflict: Corporate Governance failure; Ethical Breach: Transparency; Resolution: Board approval after a full public disclosure
- 2Conflict: Private interest over institutional duty; Ethical Breach: Objectivity; Resolution: Full disclosure, and recusal from evaluation with decision by an independent authority✓
- 3Conflict: Regulatory violation (BR Act, Section 20); Ethical Breach: Integrity; Resolution: Immediate termination of the manager
- 4Conflict: Commercial gain for the employee; Ethical Breach: Diligence; Resolution: Re-tender with higher specifications
Correct answer
Conflict: Private interest over institutional duty; Ethical Breach: Objectivity; Resolution: Full disclosure, and recusal from evaluation with decision by an independent authority
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