What action should a bank CEO's assistant take when the bank CEO expenses large sums of money to a charitable organization run by the bank CEO's direct family member?

Question

Options

• AReport the actions to the Executive Board of the bank.
• BMeet with the bank CEO to learn why the donations are being made.
• CInvestigate the charitable organization's relationship with the bank CEO.
• DSubmit the concern anonymously to the bank's internal Compliance Hotline.

• A
  13% (6)
• B
  2% (1)
• C
  4% (2)
• D
  80% (37)

Explanation

Submitting the concern anonymously to the bank's internal Compliance Hotline is the most appropriate action that a bank CEO's assistant should take when the bank CEO expenses large sums of money to a charitable organization run by the bank CEO's direct family member. This is because this action would allow the assistant to report a potential case of fraud, conflict of interest, or misuse of funds without fear of retaliation or reprisal from the bank CEO. The Compliance Hotline is a confidential and secure channel for employees to raise any concerns or suspicions about unethical or illegal activities within the bank. The Compliance Hotline would then forward the concern to the relevant authorities or departments for further investigation and action.

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