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Agenda Item #6Revised 6/19/14 INDIANA HORSE RACING COMMISSION APPROVED CONFLICT OF INTEREST POLICY Article I Purpose The purpose of this Conflict of Interest Policy (hereinafter referred to as the
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Step 1: Start by reviewing the updated conflict of interest form
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Step 2: Fill in your personal information, such as name, contact details, and employee ID
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Step 3: Identify any potential conflicts of interest you may have, including financial interests, relationships, or outside activities
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Step 4: Provide specific details about each conflict, including the nature of the conflict, any financial values involved, and the parties or organizations affected
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Step 5: Indicate the steps you will take to manage or mitigate each conflict, such as recusal, divestment, or establishing firewalls
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Step 6: Sign and date the updated conflict of interest form
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Step 7: Submit the completed form to the appropriate department or individual

Who needs updated conflict of interest?

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Employees
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Contractors
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Volunteers
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Board members
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Any individual who has a relationship or financial interest that could potentially create a conflict
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An updated conflict of interest refers to a revised declaration of circumstances in which an individual’s personal interests could potentially interfere with their professional responsibilities or decision-making.
Individuals in positions of authority or influence within an organization, including government officials, board members, and employees who may engage in decision-making processes, are typically required to file an updated conflict of interest.
To fill out an updated conflict of interest, individuals must complete a designated form that usually includes personal information, disclosure of interests, and any relationships that may present a conflict. Adherence to specific guidelines provided by the organization is crucial.
The purpose of updating the conflict of interest is to maintain transparency, prevent unethical behavior, and ensure that personal interests do not compromise the integrity of decision-making in an organization.
Individuals must report their financial interests, relationships with outside entities, potential personal gains, and any other interests that might influence their professional actions.
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