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Conflict of Interest Policy

A policy that outlines guidelines for employees to avoid conflicts of interest between personal interests and the interests of the organization.

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Service Description

A Conflict of Interest Policy is a legal document that outlines guidelines and procedures for identifying, disclosing, and managing actual or potential conflicts of interest within an organization. This policy is typically put in place to ensure that individuals who have a personal or financial interest in a matter do not compromise the integrity of the organization. The policy should address various scenarios where a conflict of interest may arise, including when an employee has a financial interest in a vendor or supplier, or when an employee is related to a client. The policy should also outline the steps that should be taken to address conflicts of interest, such as disclosing the conflict to the appropriate parties and recusing oneself from decision-making processes. The ultimate goal of a Conflict of Interest Policy is to promote transparency and ethical decision-making within an organization, while protecting the best interests of all parties involved.

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