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Waivers and authorizations are mechanisms used to resolve real or apparent conflicts of interest. Both are written documents which identify the conflict and permit the employee to participate despite the conflict (or appearance of a conflict).
How To Write a Good (And Ethical) Conflict Of Interest Waiver Identify the conflict of interest. ... Describe the workaround. ... Describe the upside of the client(s) waiving the conflict of interest. ... Describe the downside to the client(s) waiving the conflict of interest. ... Get it in writing. ... Take it home!
If you're made aware of a potential conflict and have deemed it permissible, your next step may be to formalize your decision with a conflict of interest waiver. This waiver is a formal legal document serving as proof that an employee has made all necessary parties aware of the potential conflict.
An employee who is working for one company while talking to a vendor about coming to work for their company at a future date. A person buys company stock based on insider information they've received. An individual signs a non-compete agreement before starting their job at a company.