Purpose and Objectives
Company employees must declare any real, perceived or potential conflict of interest when involved in or making a decision. Employees should discuss with their manager any suspected conflict of interests between professional integrity and Company expectations.
Scope/Coverage
This policy applies to all Company employees.
Policy Statement
A conflict of interest involves a conflict between the work responsibilities of an employee and their personal or private interests. A conflict of interest can arise from either gaining a personal advantage, including advantages to relatives and friends or avoiding a personal loss and can be real (actual), perceived (apparent) or potential.
- A real conflict of interest is a conflict of the employee’s duties and their private interests.
- A perceived conflict of interest is if it seems like an employee’s private interests, family or personal relationships could improperly influence them at work
- A potential conflict of interest is when an employee’s private interests could conflict with their official duties in the future.
Interests can be financial, non-financial, personal, private, family or business.
A financial interest is when the employee (or relative) could gain a personal financial benefit including having shares, receiving gifts, benefits or bribes or receiving hospitality or travel.
Employees should also advise their manager of any voluntary work, responsibilities are undertaken with community or sporting associations or hobbies that may also create a real, perceived of a potential conflict of interest.