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CONFLICT OF INTEREST/ EMPLOYMENT IN SECOND JOBPM6201Section: 6200, MISCELLANEOUS PERSONNEL POLICIESPURPOSE AND SCOPE: Employment with City of Memphis Government is a public trust. Employees may not

How to fill out conflict of interest

How to fill out a conflict of interest form:

1. Begin by carefully reading through the conflict of interest form to understand the purpose and requirements of the document.
2. Gather all necessary information, such as your personal details, including name, position, and contact information.
3. Identify any potential conflicts of interest you may have. This can include financial interests, personal relationships, or any other factors that could compromise your objectivity or impartiality in a decision-making role.
4. Clearly disclose all relevant conflicts of interest by providing detailed information about each one. Be transparent and complete in your disclosure to ensure accuracy and compliance.
5. If required, provide a brief explanation or context for each disclosed conflict of interest, clarifying how it may influence your decision-making or the perception of your impartiality.
6. If applicable, propose any actions or measures you plan to take to mitigate or manage the identified conflicts of interest. This may include recusal from certain decision-making processes or seeking independent advice.
7. Review the completed form for any errors or missing information before submitting it.
8. Seek any necessary approvals or signatures from relevant parties, such as your supervisor, ethics committee, or legal department.
9. Keep a copy of the filled-out form for your records and submit the original to the designated authority, following any specific instructions or procedures outlined.
10. Regularly reassess and update your conflict of interest disclosures as new situations arise or existing conflicts change.

Who needs conflict of interest:

1. Individuals serving in positions of power or influence, such as public officials, corporate executives, board members, legal professionals, and researchers, among others.
2. Organizations, including companies, government agencies, non-profit entities, educational institutions, and professional associations, that aim to uphold ethical standards and maintain integrity in decision-making processes.
3. Industries or sectors where conflicts of interest are common or can have significant consequences, such as finance, healthcare, law, research, procurement, and public administration, to name a few.
4. Any entity or individual committed to transparency, accountability, and avoiding potential biases or improprieties that may undermine trust or fairness.

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What is conflict of interest?

Conflict of interest refers to a situation in which an individual or organization is involved in multiple interests, financial or otherwise, and serving one interest could involve working against another.

Who is required to file conflict of interest?

Individuals in positions of power or authority, such as government officials, board members, and executives, are typically required to file conflict of interest disclosures.

How to fill out conflict of interest?

Conflict of interest forms can usually be filled out online or on paper, providing detailed information about any potential conflicts that may exist.

What is the purpose of conflict of interest?

The purpose of conflict of interest disclosures is to promote transparency, integrity, and accountability, and to prevent decisions or actions that could be influenced by personal interests.

What information must be reported on conflict of interest?

Information such as financial interests, relationships with external organizations, and any other factors that could potentially bias decision-making should be reported on conflict of interest forms.