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Version 1.0GOVERNANCEConflict of Interest PolicyRevision History: Date of this revision: 21 November 2022Date of next review: November 2024Version/ Revision No. 1.0Revision DateSummary of Changes21
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Start by obtaining the necessary form for conflict of interest from the relevant authority.
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Read the form thoroughly and understand the questions and requirements.
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Fill out the form honestly and accurately, disclosing any potential conflicts of interest.
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Anyone who has a potential conflict of interest in a specific situation or decision-making process.
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Employees, board members, consultants, contractors, or any individual involved in matters where personal interests may conflict with their professional responsibilities.
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Conflict of interest refers to a situation in which a person or organization is involved in multiple interests that could potentially influence their ability to act impartially. It is important to disclose any conflicts of interest to ensure transparency and ethical behavior.
Individuals in positions of authority or responsibility, such as board members, executives, and employees involved in decision-making processes, are typically required to file conflict of interest disclosures.
Conflict of interest forms typically require individuals to identify any financial interests, relationships, or activities that could potentially influence their decision-making. The forms may also include instructions or guidance on how to disclose conflicts appropriately.
The purpose of conflict of interest disclosure is to promote transparency, integrity, and accountability in decision-making processes. By identifying and addressing conflicts of interest, organizations can maintain public trust and avoid any potential conflicts that may arise.
Information that may need to be reported on a conflict of interest form includes financial interests, relationships with outside parties, ownership interests, and any other factors that could potentially influence decision-making.
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