Conflict of Interest
Vetpol’s Conflict of Interest Policy refers to any case where an employee’s personal interest might contradict the interest of the company they work for. This is an unwanted circumstance as it may have heavy implications on the employee’s judgement and commitment to the company.
This policy will outline the rules regarding conflict of interest and the responsibilities of employees and the company in resolving any such discrepancies.
The policy applies to all prospective or current employees of the company, as well as independent contractors and persons acting on behalf of the company, including invigilators.
The relationship of the company with its employees should be based on mutual trust. As the company is committed to preserving the interests of people under its employment, it expects them to act only towards its own fundamental interests.
Conflict of interest may occur whenever an employee’s interest in a subject may lead them to actions, activities or relationships that undermine the company and may place it at a disadvantage.
What is an employee conflict of interest?
This situation may take many different forms that include, but are not limited to, conflict of interest examples of situations where employees may:
- Use their position with the company to their personal advantage
- Engage in activities that will bring direct or indirect profit to a competitor
- Use connections obtained through the company for their own private purposes
- Use company equipment or means for personal gain
- Act in ways that may compromise the company’s legality (e.g. taking bribes or bribing representatives of legal authorities)
The possibility that a conflict of interest may occur can be addressed and resolved before any actual damage is done. Therefore, when an employee understands or suspects that a conflict of interest exists, they should bring this matter to the attention of the Vetpol Management Team so corrective actions may be taken.
In general, employees are advised to refrain from letting personal and/or financial interests and external activities come into opposition with the company’s fundamental interests.
In cases when a conflict of interest is deliberately concealed or when a solution cannot be found, disciplinary action may be invoked up to and including termination.