Royal Bank of Canada (RBC) has terminated its chief financial officer Nadine Ahn after an investigation revealed that she had a personal relationship with another employee, resulting in preferential treatment. RBC conducted an internal review and contacted outside legal counsel to investigate the allegations. The investigation found evidence of a close personal relationship that led to promotion and compensation increases for the other employee. As a result, both individuals have been terminated from their employment.
A Royal Bank of Canada logo is seen on Bay Street in the heart of the financial district in Toronto, January 22, 2015.Royal Bank of Canada has terminated chief financial officer Nadine Ahn after an investigation revealed that she had a personal relationship with another employee which led to preferential treatment .
RBC said that it was recently made aware of the allegations, and immediately commenced an internal review and contacted outside legal counsel to investigate. The bank added that the conduct by Ms. Ahn or the undisclosed employee had no effect on the RBC’s previously issued financial statements, its strategy, or its financial or business performance.
Royal Bank Of Canada RBC CFO Nadine Ahn Termination Investigation Personal Relationship Preferential Treatment Promotion Compensation
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