Conflict Of Interest Disclosure Policy Template

This conflict of interest disclosure policy template has 3 pages and is a MS Word file type listed under our human resources documents.

Sample of our conflict of interest disclosure policy template:

CONFLICT OF INTEREST DISCLOSURE POLICY INTRODUCTION The Conflict of Interest Disclosure Policy of [COMPANY NAME] is established to promote transparency, integrity, and accountability among employees, contractors, vendors, and authorized users. This Policy outlines the procedures for identifying, disclosing, and managing conflicts of interest to ensure that the interests of the organization and its stakeholders are safeguarded. PURPOSE The purpose of this Policy is to: Provide clear guidance on recognizing and disclosing conflicts of interest. Ensure that individuals associated with [COMPANY NAME] act in the best interests of the organization. Establish procedures for evaluating, managing, and, if necessary, mitigating conflicts of interest. DEFINITIONS Conflict of Interest: A situation where an individual's personal, financial, or other interests could compromise their ability to act impartially and in the best interests of [COMPANY NAME]. DISCLOSURE PROCEDURES Identification of Conflicts of Interest Employees, contractors, vendors, and authorized users have a responsibility to be aware of situations that may give rise to conflicts of interest. Disclosure Requirement Any individual who becomes aware of a potential conflict of interest must promptly disclose it to their supervisor, manager, or the HR Department, using the designated disclosure form. Confidentiality All conflict of interest disclosures will be treated confidentially to the extent allowed by law. Disclosure information will only be shared with individuals who have a legitimate need to know for evaluation and management purposes. Evaluation and Management [COMPANY NAME] will evaluate disclosed conflicts of interest to determine the nature and potential impact. Based on this assessment, appropriate measures will be taken to manage or mitigate the conflict. MANAGEMENT OF CONFLICTS OF INTEREST Recusal