Case 1While mingling with neighbours at a party, you mention that you are responsible for evaluating bids for a large computer software contract. A few days later, you receive a lunch invitation from one of your neighbours who also attended the party. Over appetizers, the conversation turns to the contract you are managing. Your neighbour seems remarkably well informed about the bidding process and likely bidders. You volunteer information about the potential value of the contract and briefly outline the criteria your firm will use to select the winner. At the end of the lunch, your neighbour surprises you by revealing that he is a consultant for several companies in the computer software market. Later that day, your mind is racing. Did you reveal information that could provide a supplier with a competitive advantage in the bidding process? What are the potential business risks and ethical issues in this situation? Should you report the conversation to someone? If so, whom should you talk to, and what would you say?
Answer (1)
You revealed confidential details that may give unfair advantage to bidders, creating both business and ethical risks. This can damage your firm’s reputation and fairness in the process. Yes, you should report it immediately to your manager or compliance officer, explaining exactly what was shared.
