Conflict of Interest

Summary

A conflict of interest is a situation in which an employee has a personal or private interest that interferes with (or appears to interfere with) the employee's ability to do his/her job fairly, ethically and in line with the organization's best interests.

Every organization should have a policy that requires each of its employees to disclose all actual and potential conflicts of interest and to avoid these actions or behaviors:

  1. Participating in any activity that competes with the organization, deprives the organization of business, or provides services that the organization provides;
  2. Allowing business dealings on behalf of the organization to be influenced (or appear to be influenced) by personal or family interests;
  3. Accepting or soliciting substantial gifts, loans, favors or other valuables from customers, clients or suppliers;
  4. Accepting or soliciting bribes, payments, loans, kickbacks, special privileges or services from customers, clients or suppliers; or giving or offering any of these to customers, clients or suppliers;
  5. Engaging in outside activities, such as a second job or self-employment, that compete with the organization or that interfere with the employee's responsibilities to the organization;
  6. Using the organization's name in the performance of any outside activities - such as giving presentations or writing articles - without the organization's express permission; and
  7. Soliciting or distributing literature, pamphlets or other materials that are not related to the organization while at work.

© WeComply/Thomson Reuters

Key Resources

For your convenience, ACC has compiled the following key resources to assist you in your compliance efforts.

For more try searching ACC's online library for "Conflict of Interest"

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