Kentucky Conflict of Interest Policy

State:
Multi-State
Control #:
US-140EM
Format:
Word; 
Rich Text
Instant download

Description

This policy explains to the employees various situations in which outside work activities may cause a conflict of interest with company objectives and goals.

How to fill out Conflict Of Interest Policy?

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FAQ

Part 3: Different types of conflicts of interestfinancial conflict;non-financial conflict;conflict of roles; or.predetermination.

Disclosing an interestThe matter to which the conflict relates, including dates of the conflict arising and the disclosure being made;The nature and details of conflict (actual, potential or perceived, pecuniary/non-pecuniary etc);Your proposed plan to manage or address the conflict;Your details;More items...

A conflict of interest occurs when an individual's personal interests family, friendships, financial, or social factors could compromise his or her judgment, decisions, or actions in the workplace. Government agencies take conflicts of interest so seriously that they are regulated.

Types of conflict of interest and dutyActual conflict of interest:Potential conflict of interest:Perceived conflict of interest:Conflict of duty:Direct interests:Indirect interests:Financial interests:Non-financial interests:

Conflict of InterestContractual or legal obligations (to business partners, vendors, employees, employer, etc.)Loyalty to family and friends.Fiduciary duties.Professional duties.Business interests.

The 6 Types of Literary ConflictCharacter vs. Self.Character vs. Character.Character vs. Nature.Character vs. Supernatural.Character vs. Technology.Character vs. Society.

A conflict of interest occurs when an individual's personal interests family, friendships, financial, or social factors could compromise his or her judgment, decisions, or actions in the workplace. Government agencies take conflicts of interest so seriously that they are regulated.

A conflict of interest involves a person or entity that has two relationships competing with each other for the person's loyalty. For example, the person might have a loyalty to an employer and also loyalty to a family business. Each of these businesses expects the person to have its best interest first.

The seven most common types of conflict in literature are:Character vs. Character(s)Character vs. Society.Character vs. Nature.Character vs. Technology.Character vs. Supernatural.Character vs. Fate.Character vs. Self.

To avoid common misunderstandings of the concept that can lead to misplaced and ultimately ineffective or counterproductive policies, the committee stresses the importance of each of the three main elements of a conflict of interest: the primary interest, the secondary interest, and the conflict itself.

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Kentucky Conflict of Interest Policy