Massachusetts Conflict of Interest Policy
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How to fill out Conflict Of Interest Policy?
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FAQ
A conflict of interest involves a person or entity that has two relationships competing with each other for the person's loyalty. For example, the person might have a loyalty to an employer and also loyalty to a family business. Each of these businesses expects the person to have its best interest first.
A conflict of interest exists if a legislator has any interest or engages in any business, transaction, or professional activity, or incurs any obligation, which is in substantial conflict with the proper discharge of his or her duties in the public interest.
A conflict of interest (opens in new tab) at work arises when a situation that benefits an employee also affects your company. And employees are bound through your company's code of conduct to act in the interests of their employer and not for their own personal gain.
You may file your Conflict of Interest - Contracts statement online or by submitting a paper copy. If you wish to submit a paper copy, you may download the statement here. The completed, signed statement may be mailed or delivered in person to the address of the Office of the Inspector General listed on the form.
Conflict of InterestContractual or legal obligations (to business partners, vendors, employees, employer, etc.)Loyalty to family and friends.Fiduciary duties.Professional duties.Business interests.
Conflict of interest. n. a situation in which a person has a duty to more than one person or organization, but cannot do justice to the actual or potentially adverse interests of both parties.
Appearance of a conflict of interest means the impression that a reasonable person might have, after full disclosure of the facts, that an Appointee's judgment might be significantly influenced by outside interests, even though there may be no actual Conflict of Interest.
Because conflicts of interest can adversely impact the reputation and integrity of PAHO, it is important for you to avoid even the appearance of a conflict of interest.
For example, if a business executive is her son's direct manager, there will likely be a conflict of interest when she has to conduct a performance review of her son's work. This might create a problem for the company and lead to policy changes, but it wouldn't necessarily violate any laws.
