Royal Bank of Canada asserts that two long-time coworkers, CFO Nadine Ahn and finance executive Ken Mason, engaged in a secret romantic relationship, which allegedly influenced corporate decisions including promotions and pay raises.
The bank claims that Ahn and Mason's relationship, referred to as 'Project Ken', resulted in several undeserved promotions and significant raises for Mason, during which Ahn distinctly failed to disclose her conflict of interest.
RBC is seeking to reclaim over $3.2 million in compensation awarded to both Ahn and Mason, as the case exemplifies evolving corporate policies targeting executives for misconduct that jeopardizes the company's integrity.
A RBC spokesperson emphasized that the bank's code of conduct mandates an environment free from bias and abuse of power and that this applies equally to all employees, including senior executives.
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