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Conflicts of Interest Policy V1 of 2015 Definitions Associate: Means: in relation to a natural person: I. A person who is recognized in law or the tenets of religion as the spouse, life partner, or

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How to fill out conflicts of interest policy

How to fill out conflicts of interest policy?

01

Start by carefully reading the conflicts of interest policy document. Understand the purpose, scope, and guidelines provided in the policy.

02

Familiarize yourself with the types of conflicts of interest that may arise within your organization. This could include financial interests, personal relationships, or any other situation that may create a conflict between personal and professional obligations.

03

Identify any potential conflicts of interest that you may have or that you may come across in your role. Be honest and transparent in recognizing any situations that could compromise your judgement or objectivity.

04

Disclose any conflicts of interest to the appropriate person or department within your organization. This could be your supervisor, human resources, or an ethics committee. Provide all necessary details regarding the conflict, including the nature of the conflict, parties involved, and any potential impact on decision-making processes.

05

Follow the steps outlined in the conflicts of interest policy to address and mitigate any conflicts that may arise. This may involve seeking additional guidance or recusing yourself from certain decision-making processes.

06

Keep a record of all disclosures and actions taken to address conflicts of interest. This documentation may be required for auditing or compliance purposes.

Who needs conflicts of interest policy?

01

Organizations of all sizes and types benefit from having a conflicts of interest policy in place. This includes businesses, nonprofit organizations, government agencies, educational institutions, and more.

02

Employees at all levels of an organization should be aware of and comply with the conflicts of interest policy. This includes executives, managers, supervisors, and individual contributors.

03

Stakeholders, such as board members, shareholders, or investors, should also be familiar with the conflicts of interest policy to ensure transparency and ethical decision-making within the organization.

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