This policy identifies what a conflict of interest looks like. Plus, if you find that you’re unintentionally involved in a conflict of interest, it will also outline a game plan for resolving these discrepancies.
Conflict Of Interest Policy Template
This template provides a basic structure for your conflict of interest policy. And it works as a starting point for building your company’s policy. We highly suggest adding, changing, or rearranging content to make it your own!
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Our conflict of interest policy applies to all employees (including full-time, part-time, freelancers, contractors) and board members.
What is a conflict of interest?
A conflict of interest refers to any personal activity by an employee that doesn’t align with their employer’s best interest or goals. In this case, [company name].
And as such, these circumstances can cloud the employee’s judgment or commitment to the company. And consequently, negatively affect the organization.
For example, conflicts of interest might include:
- Using your position in the company for personal gain
- Participating in activities that directly or indirectly benefit a competitor
- Using company connections for your personal gain – without permission from the company
- Utilizing company equipment for another business
Note: This is just a few examples and not an exhaustive list. If you have questions about other activities that constitute a conflict of interest, please contact [HR].
Our conflict of interest policy
Our company does not allow employees to participate in any activities that post a conflict of interest. This includes all actions taken by an employee – both inside and outside of work.
If you have unknowingly entered a conflict of interest, please reach out to [your manager/HR]. And they will help you to resolve this issue as quickly as possible. No disciplinary action will ensue – unless no solution can be found.
However, if you purposefully engage in a conflict of interest – or deliberately conceal these activities – disciplinary actions will be taken. In these cases, [HR] will conduct a full investigation before settling on a resolution.
If you suspect any employee or board member at [company name] is involved in a conflict of interest – please address this with them. If a conflict of interest is happening, please involve [HR] immediately.
The following may trigger disciplinary action:
- Owning shares in a competitor’s stock
- Working with a competitor (providing company information or freelancing included)
- Utilizing company contacts or equipment for your personal gain
- Any activities that put the company at legal risk
- Concealing a known conflict of interest (even if it is not to your benefit)
In each case, [HR] will conduct a full investigation and apply our [disciplinary action process] accordingly.
Questions? Comments? Concerns?
Have a question about this policy? Reach out to [HR contact].
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