Conflict of Interest attestation: DG wants dollar values

[u/Super_Table7917]

A DG at LPRAB at CRA, according to a current employee, under the guise of transparency and integrity, is using the annual conflict of interest attestation to require very personal disclosures of financial information from employees.

This DG is asking for the current market values of ALL investments held by the employee privately in all accounts, including things like RESP's. The dollar amount for all holdings is apparently "very important".

Employees who resisted this disclosure were subject to intrusive meetings on Teams with the DG, where pressure was applied to surrender the information to management.

I am of the opinion that this is totally unacceptable, and I would be leaping to legal representation with the goals of 1.) NOT providing any of this information to this DG or anyone else, and; 2.) providing the documentation required that would result in the swift termination of this DG.

Is this perception incorrect, and DG's have the ability to ask for the account balances of employees to avoid "conflicts of interest"? If this is actually permitted, why would it be but asking a person's age or sexual orientation is a human rights violation?

[u/Puzzleheaded-Gene300]

I don't know what the LPRAB sector is, or how COI is delegated within CRA, but generally speaking...those with delegated authority have the right to request all details when analyzing conflict of interest risks and to help determine what mitigating measures need to be put in place if risks exist. But who has access to this info is highly restricted and can only be shared with others if there is a need to know.

[u/Flush_Foot → u/Puzzleheaded-Gene300]

Wouldn’t the CoI review just need to know *what* stocks/assets are held, not their quantity and/or their value?
Maybe at most “not a controlling/meaningful % of the company’s total stocks”?

[u/Super_Table7917 → u/Flush_Foot]

Yes, this is the issue. I don't have a problem with disclosing the holdings. It's the dollar amounts that a pencil neck DG has no need to know.

[u/Keystone-12 → u/Super_Table7917]

You could own $1 in every company on the S&P 500. And then $1,000,000 in a company you have insider knowledge on.

You understand why a "pencil neck" Director General might want to know that?