Banking · Whistleblower & Ethics
Whistleblower mechanisms are encouraged in governance frameworks because misconduct may otherwise remain hidden in hierarchical structures. The main objective of a whistleblower mechanism is to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1bypass board oversight in serious matters
- 2substitute formal disciplinary procedure
- 3enable confidential reporting of wrongdoing without fear of retaliation✓
- 4allow anonymous complaints to determine guilt automatically
Correct answer
enable confidential reporting of wrongdoing without fear of retaliation
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