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Methodist Church of New Zealand Te Hi Veteran O Altered Administration Division PO Box 931 CHRISTCHURCH Information Leaflet No. 109 Updated to Conference 2012 AVOIDING CONFLICTS OF INTEREST Introduction

How to fill out avoiding conflicts of interest

How to fill out avoiding conflicts of interest?

Understand the concept of conflicts of interest:

1. Familiarize yourself with what conflicts of interest are and why they can be problematic.
2. Learn about different types of conflicts of interest that can arise in various situations.

Identify potential conflicts of interest:

1. Carefully evaluate your personal and professional relationships to identify any potential conflicts of interest.
2. Consider if there are any situations where your personal interests may interfere with your professional responsibilities.

Disclose any conflicts of interest:

1. If you discover a potential conflict of interest, it is crucial to disclose it to the relevant parties.
2. Inform your supervisor, colleagues, or any other relevant individuals about the conflict in a timely and transparent manner.

Seek guidance and advice:

1. Consult with your supervisor, ethics advisor, or a designated authority to seek guidance on how to handle conflicts of interest appropriately.
2. Discuss the potential impact of the conflict, possible mitigations, and steps to address the issue.

Implement measures to avoid or manage conflicts:

1. Take necessary steps to minimize or mitigate the potential negative effects of conflicts of interest.
2. This may involve recusing yourself from decision-making processes or seeking alternative solutions to ensure fairness and impartiality.

Regularly review and update:

1. Continuously review and reassess your personal and professional relationships to identify any new conflicts of interest that may arise.
2. Update your disclosures and take appropriate actions to address any newly identified conflicts.

Who needs avoiding conflicts of interest?

Professionals in positions of authority:

Individuals holding positions of authority, such as managers, executives, and board members, should actively avoid conflicts of interest to ensure fair decision-making processes and maintain trust among stakeholders.

Public officials and politicians:

Public officials and politicians have a responsibility to serve the best interest of the public. Avoiding conflicts of interest is crucial to maintain public trust, prevent corruption, and ensure fair and transparent governance.

Employees in sensitive industries:

Those working in industries that require high ethical standards, such as healthcare, finance, law, or journalism, need to be particularly mindful of conflicts of interest. This ensures objectivity, professionalism, and the preservation of public trust in these fields.

Researchers and academics:

Researchers and academics should avoid conflicts of interest to protect the integrity of their work. This includes disclosing any potential conflicts when conducting studies or publishing research.

Non-profit organizations and charities:

Non-profit organizations and charities rely on public support and funding. Therefore, individuals involved in these organizations should diligently avoid conflicts of interest to maintain their credibility and public trust.

Remember, avoiding conflicts of interest is essential to maintain transparency, fairness, and ethical conduct. By following the steps outlined above, individuals from various backgrounds can ensure that their actions are free from any conflicts that may compromise their professional obligations or personal integrity.

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What is avoiding conflicts of interest?

Avoiding conflicts of interest involves refraining from situations where a person's personal interests could potentially undermine their ability to make impartial decisions.

Who is required to file avoiding conflicts of interest?

Individuals in positions of authority or influence, such as public officials, board members, and executives, may be required to file avoiding conflicts of interest forms.

How to fill out avoiding conflicts of interest?

To fill out avoiding conflicts of interest forms, individuals must disclose any financial interests, relationships, or activities that could lead to conflicts of interest.

What is the purpose of avoiding conflicts of interest?

The purpose of avoiding conflicts of interest is to ensure transparency, integrity, and accountability in decision-making processes.

What information must be reported on avoiding conflicts of interest?

Information that must be reported on avoiding conflicts of interest forms includes financial holdings, gifts, outside employment, and relationships that could impact impartial decision-making.