Conflict of Interest Policy Template

Conflict of Interest Policy

What is a Conflict of Interest?

A conflict of interest arises when an employee's personal interests or activities interfere or appear to interfere with their ability to act in the best interests of our company.

At our company, we are committed to conducting our business in an ethical and transparent manner. We recognize that conflicts of interest can arise in the workplace, and we are committed to addressing these conflicts in a fair and responsible manner.

Conflict of Interest Example

Here's an example of a conflict of interest for an employee who works for a small business:

Let's say an employee of a small business also works part-time for a competing company in the same industry. This presents a conflict of interest because the employee may be tempted to share confidential information or trade secrets with the competing company or use their position with the small business to benefit the competing company.

For example, the employee may be aware of the small business's upcoming marketing strategy or plans to launch a new product, and they may share this information with the competing company, giving them an unfair advantage in the market. Alternatively, the employee may use their position with the small business to secure contracts or clients for the competing company.

This type of conflict of interest can harm the small business, compromise the employee's integrity, and lead to legal repercussions. It's important for employees to disclose any potential conflicts of interest to their employer and to act with the utmost professionalism and loyalty to the company they work for.

Our Conflict of Interest Guidelines

Our employee conflict of interest policy outlines our expectations for avoiding conflicts of interest and the steps we will take to address any conflicts that arise.

Conflict of interest policy:

1. Employees are required to disclose any potential conflicts of interest to their manager or supervisor. This includes any personal or financial interests that may create a conflict with their job responsibilities or with the interests of our company.
2. Employees are prohibited from engaging in activities or transactions that create a conflict of interest, unless they have been specifically authorized to do so by their manager or supervisor.
3. Employees who are found to have engaged in activities or transactions that create a conflict of interest will be subject to disciplinary action, up to and including termination of employment.

We are committed to maintaining the trust and confidence of our stakeholders, and we believe that our employee conflict of interest policy is an important part of that commitment.

By e-signing, you acknowledge that you understand and agree to follow all of the guidelines outlined in this policy.