This example outlines the components of a conflict of interest policy.
- Purpose
Use this section to state why your organization created the policy, what it contains, who it protects, and the consequences for breaking it.
- Definition of Terms
Define the key terms in your conflict of interest policy, such as employee, agent, financial interest, and conflict.
- Procedure
Outline the procedure your organization will use for conflicts, which should include duty to disclose, investigation process, how your organization plans to address conflicts, and what disciplinary action will be taken if a conflict of interest arises.
- Acknowledgement
This is where your employee will sign and date the policy, acknowledging they read and understood its contents.