General Management · Professional Ethics
An officer in a bank's credit department is tasked with evaluating a loan application from a corporate firm where their spouse serves as a senior director. To adhere to the highest standards of professional ethics, the officer should:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Evaluate the loan personally but request a junior colleague to sign the final approval document.
- 2Disclose the relationship to higher authorities and recuse themselves completely from the evaluation and decision-making process.✓
- 3Reject the loan immediately to avoid any suspicion of favoritism, regardless of the firm's financial strength.
- 4Approve the loan quickly while ensuring the paperwork is technically error-free.
Correct answer
Disclose the relationship to higher authorities and recuse themselves completely from the evaluation and decision-making process.
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