Conflict of interest policy template
Use this model conflict of interest policy to outline the rules regarding conflict of interest and the responsibilities of employees and the company in resolving any such discrepancies.
1 Overview
1.1 This policy outlines the rules regarding conflict of interest and the responsibilities of employees and the company.
2 Scope
2.1 This policy is applicable to all employees of [company name].
3 General principles
3.1 The relationship of the company with its employees should be based on mutual trust. As the company is committed to preserve the interests of people under its employment, it expects them to act only towards its own fundamental interests.
Conflict of interest may occur whenever an employee's interest in a particular subject may lead them to actions, activities or
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What is this for?
A conflict of interest policy is a set of guidelines and procedures that an organisation establishes to ensure that its employees, officers, directors, and other stakeholders act in the best interests of the organisation and avoid any conflicts between their personal interests and those of the organisation.
The policy outlines the types of conflicts of interest that may arise, such as financial interests, family relationships, or other personal connections, and provides specific steps for employees to disclose any potential conflicts of interest. It may also include guidelines for addressing conflicts of interest, such as recusal from decision-making or seeking independent advice.
The purpose of a conflict of interest policy is to promote transparency, integrity, and accountability in organisational decision-making and to protect the organisation's reputation and financial well-being. By having a clear policy in place, organisations can prevent or mitigate the negative effects of conflicts of interest on their operations and relationships with stakeholders.
