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ADMINISTRATIVE MANUAL TITLE: DUALITY OF INTEREST/CONFLICT OF INTEREST Number: Page: 130 1 of 7 Original Issue: 1991.01 Last Revised: 2015.05 Category: Board Preambles In the past several years, public
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01
Begin by clearly identifying the individuals or entities involved in the situation.
02
List all the potential interests or conflicts that could arise in relation to the situation or decision at hand.
03
Determine the severity or magnitude of each potential conflict or interest. Assess whether it is a direct conflict, a perceived conflict, or a potential conflict.
04
Prioritize the conflicts or interests based on their significance and impact on the decision-making process.
05
Develop strategies or measures to mitigate, manage, or eliminate the conflicts of interest identified.
06
Implement the necessary actions to address the conflicts or interests, ensuring transparency and accountability throughout the process.
07
Keep accurate documentation of the conflicts of interest identified, the steps taken to address them, and the outcomes of those actions. This documentation will serve as evidence of compliance and due diligence.
08
Regularly review and reassess the conflicts of interest to ensure ongoing compliance and adaptability to changing circumstances.

Who needs duality of interest/conflict of?

01
Government officials and employees who handle public funds or make policy decisions that may be influenced by conflicting interests.
02
Executives, board members, and employees of corporations that may encounter conflicts between personal and corporate interests.
03
Professionals in fields such as law, accounting, or healthcare, where ethical guidelines require the disclosure and management of conflicts of interest.
04
Nonprofit organizations and their employees or volunteers who deal with donors, grants, or other types of support that could create conflicts.
05
Researchers and academics who receive funding or have affiliations that may influence their objectivity in conducting studies or publishing results.
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Anyone involved in decision-making processes where conflicts of interest could potentially compromise integrity, fairness, or ethical standards.
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Duality of interest/conflict of refers to situations where an individual's personal interests may conflict with their professional responsibilities.
Individuals who hold positions in organizations where their personal interests may influence their decision-making process are required to file duality of interest/conflict of disclosures.
The duality of interest/conflict of form typically requires individuals to disclose any financial interests, relationships, or activities that may create a conflict of interest.
The purpose of duality of interest/conflict of disclosures is to promote transparency, integrity, and trust in decision-making processes by identifying and managing potential conflicts of interest.
Information such as financial interests, relationships with outside organizations, and activities that may create conflicts of interest must be reported on duality of interest/conflict of disclosures.
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