Table of Contents
- 11+ Conflict of Interest Code Templates in PDF | DOC
- 1. Conflict of Interest Code Sample
- 2. Formal Conflict of Interest Code Template
- 3. Conflicts of Interest Code of Practice
- 4. Local Conflict of Interest Codes
- 5. Department Conflict of Interest Codes
- 6. Conflict of Interest Codes for Association
- 7. Sample Conflict of Interest Codes
- 8. Conflict of Interest Codes of Conduct
- 9. Conflict of Interest Codes for the Commission
- 10. Conflict of Interest Code Policy
- 11. Conflict of Interest Code of Ethics
- 12. Proposed Conflict of Interest Code
- How to Craft a Conflict of Interest Code?
- What Does Conflict of Interest Mean?
- What are the Types of Conflict of Interest?
11+ Conflict of Interest Code Templates in PDF | DOC
A document that helps in identifying which public officials must disclose personal financial interests and specifies the types of interests that each public official must publicly disclose is known as conflict of interest code. The codes that they govern help the city officials monitor their financial interests and avoid participating in any kind of government decisions that may affect those interests. It also helps in ensuring the public that the city’s decision-makers are performing in the public’s best interest.
11+ Conflict of Interest Code Templates in PDF | DOC
1. Conflict of Interest Code Sample
sandag.org2. Formal Conflict of Interest Code Template
scers.org3. Conflicts of Interest Code of Practice
bankofengland.co.uk4. Local Conflict of Interest Codes
ca-ilg.org5. Department Conflict of Interest Codes
oag.ca.gov6. Conflict of Interest Codes for Association
scag.ca.gov7. Sample Conflict of Interest Codes
smwd.com8. Conflict of Interest Codes of Conduct
ucop.edu9. Conflict of Interest Codes for the Commission
calrice.org10. Conflict of Interest Code Policy
openspaceauthority.org11. Conflict of Interest Code of Ethics
monterey.ca.us12. Proposed Conflict of Interest Code
countyofnapa.orgHow to Craft a Conflict of Interest Code?
Step 1: Determine the Purpose and Policy
You must determine the purpose of your code like mentioning for which organization is this code being made and for what reason. Mention why is it required and for whom. State the policy of the code that will include some amendments.
Step 2: Describe the Process of Application
Start describing the procedure for applying this code. The procedure of application should be laid out in detail to make it easy for others to understand the whole process.
Step 3: Mention the Background and Responsibilities
Provide the background of the organization or the company for which this conflict of interest code is being made. Also, mention the responsibilities of the member who are in charge of this code, for instance, an executive owner who must review the frequency at least once every two years.
Step 4: Layout the Designated Positions
Layout the designated positions of the staff members who must disclose the economic interests as specified under the categories that are described here.
Step 5: State the Disclosure Categories
Now state the disclosure categories that may be divided into different categories and you can even number them or write them down in bulletins. These categories may include investments, interests in real property income, income, etc.
What Does Conflict of Interest Mean?
A particular situation in which a person or organization is involved in multiple interests, financial, and serving one interest may involve working against another is known as a conflict of interest. This is typically related to situations in which the personal interest of an individual or organization might adversely affect a duty that owes to make decisions for the benefit of a third party.
The term “interest” refers to a commitment, an obligation, duty or goal that is associated with a particular social role or practice. In simple words, a conflict of interest occurs if an individual is subject to two coexisting interests that are in direct conflict with each other within a particular decision-making context. The decision-making process can be disrupted or compromised in some way or the other that may also affect the integrity or the reliability of the outcomes.
A conflict of interest may arise when an individual finds himself or herself occupying two social roles simultaneously which may generate some opposing benefits or loyalties. The interests that are involved can be financial or non-financial. The contending interests must be identified and the process for separating them is properly established.
What are the Types of Conflict of Interest?
Some of the most common types of conflicts of interests are as follows:
- Self-dealing: In this type of conflict of interest, an official who controls an organization causes it to enter into a transaction with the official, or with another organization that may benefit the official only. However, the official happens to be on both sides of the deal.
- Outside Employment: In this type, the interests of one job may conflict with another.
- Nepotism: In this type of conflict, the spouse, child, or other close relatives is employed by an individual. Many employment applications ask if the applicant is related to a current employee of the company to avoid nepotism in hiring. This will allow disqualification in case the employed relative has a role in the hiring process. The relative can then disqualify from any of the hiring decisions.
- Pump and Dump: In this, a stock-broker who owns a security artificially increases the price by upgrading it or spreading rumors, sells the security and also adds up a short position and then downgrades the security or spreads negative rumors to push the price down.
More in School Templates
