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First, try to talk to the employee about the conflict of interest and explain why it is a problem. It is important to be clear and concise in your explanation. If the employee does not listen or refuses to correct the situation, then you can report the issue to your manager or HR department.
I confirm that neither I nor any of my relatives nor any business with which I am associated have any personal or business interest in or potential for personal gain from any of the organizations or projects linked to XYZ AIS.
Relational (romantic) example One of your employees starts a romantic relationship with their manager. Because the manager has control over things like performance reviews, it is a conflict of interest. The employee could receive special treatment because of their relationship.
Some examples of financial conflicts of interests include: Collaborations with advocacy groups relating to the content of the article. Grants from an entity, paid to the author or organization. Personal fees received by the authors as honoraria, royalties, consulting fees, lecture fees, or testimonies.