Conflict of interest arises whenever the personal, professional or business interests of an employee are potentially at odds with the best interests of {Business Name}.
All employees are required to act in good faith towards {Business Name}. Employees need to be aware of the potential for a conflict of interest to arise and should always act in the best interests of {Business Name}.
As individuals, employees may have private interests that from time to time conflict, or appear to conflict, with their employment with {Business Name}. Employees should aim to avoid being put in a situation where there may be a conflict between the interests of {Business Name} and their own personal or professional interests, or those of relatives or friends. Where such a conflict occurs (or is perceived to occur), the interests of {Business Name} will be balanced against the interests of the staff member and, unless exceptional circumstances exist, resolved in favour of {Business Name}.
It is impossible to define all potential areas of conflict of interest. If an employee is in doubt if a conflict exists, they should raise the matter with their manager.
Employees must:
If an employee declares such an interest, {Business Name} will review the potential areas of conflict with the employee and mutually agree on practical arrangements to resolve the situation.
Employees must disclose any other employment that might cause a conflict of interest with {Business Name} to their manager. Where there are external involvements that do not represent a conflict of interest, these must not affect performance or attendance whilst working at {Business Name}. If such involvement does affect performance or attendance it will be considered a conflict of interest.
Employees must not set up or engage in private business or undertake other employment in direct or indirect competition with {Business Name} using knowledge and/or materials gained during the course of employment with {Business Name}.
Engaging in other business interests during work hours will result in strong performance improvement action.
Failure to declare a potential, actual or perceived conflict of interest or to take remedial action agreed with {Business Name}, in a timely manner, may result in performance improvement proceedings including dismissal.
All intellectual property developed by employees during their employment with {Business Name}, including discoveries or inventions made in the performance of their duties related in any way to the business of {Business Name}, will remain the property of {Business Name}.
Employees may be given access to confidential information, data, business property, keys to premises or any other business related property/information in the performance of their duties. This must be protected and used only in the interests of {Business Name}.