Employee Conflict of Interest Policy

The Employee Conflict of Interest Policy is a document that describes cases of potential conflicts of interest and how the organization will resolve such conflicts of interest. The purpose of this document is to protect the employer from possible and actual conflicts of interest.

Conflicts of interest arise when employees of an organization have personal loyalties or interests that clash with their employer's interest. Cases of conflicts of interest include: when an employee has a personal financial interest or gain in their employer's business transaction or when the employee works for a business that competes directly with the business of the employer.

Therefore, employees are required to act in the interest of their employer alone and avoid activities that conflict with the employer's interest. However, since employees may not avoid situations that generate conflicts of interest, employers need to specify procedures for handling such conflicts.

How to use this document

This document should be used by organizations that want to outline their expectation for a written procedure for managing conflicts of interest. It can be used alone, and it can also be incorporated into the Employee Handbook. This is a simple document that describes instances of conflict of interest, the employer's procedure for handling conflict of interest, and the sanctions for non-compliance.

After completing this document, it should be printed and delivered to the employees. Employees may also acknowledge receipt of the document by signing that they have read, understood, and agree to be bound by the terms of the policy.

Other employee policy books available for download are the Non-Discrimination and Anti-Harassment Policy, Remote Work Policy, and the Employee Privacy Policy.

Applicable law

There are no specific laws governing this document. However, employers are allowed to formulate certain policies and procedures that outline their expectations for their employees.

How to modify the template

You fill out a form. The document is created before your eyes as you respond to the questions.

At the end, you receive it in Word and PDF formats. You can modify it and reuse it.