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CONFLICT OF INTEREST PROVISIONS STATUTORY Illinois Governmental Ethics Act (5 ILLS 420) Sec. 3A35. Conflicts of interests. (a) In addition to the provisions of subsection (a) of Section 5013 of the

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How to fill out conflict of interest provisions

01

Read and understand the conflict of interest provisions in the relevant contract or policy.

02

Identify any potential conflicts of interest that may arise in your work or personal affairs.

03

Disclose any known or potential conflicts of interest to the appropriate person or department.

04

Provide all relevant details about the conflict of interest, including parties involved, nature of the conflict, and any financial or personal interests at stake.

05

Follow any procedures or guidelines set forth in the conflict of interest provisions to address and mitigate conflicts of interest.

06

Seek approval or recusal, if necessary, from decision-making processes or transactions that may involve a conflict of interest.

07

Maintain transparency and avoid situations where personal interests may interfere or compromise professional judgment.

08

Regularly review and update your understanding of conflict of interest provisions to ensure compliance and ethical conduct.

Who needs conflict of interest provisions?

01

Organizations, companies, and institutions of all sizes and types can benefit from having conflict of interest provisions.

02

Executives, board members, employees, contractors, and volunteers who represent or have decision-making authority within an organization may require conflict of interest provisions.

03

Professional associations, regulatory bodies, and government agencies often have specific conflict of interest guidelines to ensure fair and unbiased decision-making.

04

Projects or initiatives that involve public funding, public interest, or potential conflicts between personal interests and professional duties may also necessitate conflict of interest provisions.

05

Ultimately, anyone who wants to maintain transparency, prevent unethical conduct, and avoid legal or reputational risks should consider implementing or adhering to conflict of interest provisions.

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