TOPIC: Need advise on below question on Ethics

Hi

I was practising some other simulator. I came across below question.
I feel Answer should be 4.
I am not very comfortable with explanation below.

Can any one advise?

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Question: The seller`s project is undertaken on contract and you are an employee of the seller. Since you had worked earlier with ABC Bank, the buyer, you happen to be aware of the evaluation criteria used in ABC Bank to select sellers. You understand that this could be a potential conflict of interest situation. How do you propose to act?
Choice 1. Do nothing and continue to work as before
Choice 2. Take appropriate person in ABC Bank into confidence and discuss this issue with her
Choice 3. Disclose the evaluation criteria to your (seller) organization and help their business growth
Choice 4. Remove yourself from the project
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Correct Choice: 2
________________________________________
Justification
Option 2: This is the correct answer. Since the evaluation criteria are proprietary information of ABC Bank, it is important for you to discuss the matter directly with the appropriate person in the ABC Bank.

Option 1: This introduces conflict of interest as to whether to act or not in favor of your current employer.

Option 3: This is unethical, because proprietary information of the buyer should not be disclosed.

Option 4: This is an extreme step that could be taken only if required after talking to the buyer.

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please always specify the source of the question to maintain credit.

and I agree with the explanation below provided by the question creator. removing yourself from the project is an extreme action and if teh option to discuss the matter with the bank is available, then the discussing should be taken first.

I think a better possible choice would have been "Disclose the fact that you are aware of certain proprietary buyer's selection criteria within your organisation first".
But given the choices, #2 would be the best of all four.

Hi

I understand: "Choice 4. Remove yourself from the project" is a extreme step.

However, i thought procurement environment is very formal. So all communications should be formal between buyer and seller.
Is below choice not informal communication?
"Choice 2. Take appropriate person in ABC Bank into confidence and discuss this issue with her."

Pls advise where my thinking process going wrong...

and to add
"You understand that this could be a potential conflict of interest situation"

This conflict of interest is in terms of "Bank and Myself" or "My current organisation and Myself".

If its second case why will i talk to Bank people?

For the test it is the best answer given for you to pick from, not always the ideal answer. You have done nothing wrong so pick the best answer given. Number four is too extreme to start with.

The test will make the ethical questions fairly obvious. Stick to the explanations given in the exam simulator and you will be just fine.

- Steven