Conflict of Interest

Description

Code of Conduct and Conflict of Interest are two important elements of fair and ethical business practices. A code of conduct outlines the ethical and moral standards that employees of a company are expected to follow, while a conflict of interest policy deals with situations in which an employee's personal interests interfere or may interfere with the interests of the company.

They help promote a culture of integrity and fairness and serve as a reference for employees in decision-making. Companies with strong ethical practices and cultures are often more attractive to customers, investors, and employees, and they are better equipped to avoid legal and financial consequences.

The module emphasizes how the code of conduct is one of the most essential procedural documents in an organization. It serves as a set of principles and norms providing standards of acceptable workplace behavior and ethical decisions for employees. This course lays the foundation and briefly discusses important topics/sections of the company’s Code of Conduct policy. To avoid ethical conundrums and to adhere to best business practices it is necessary to understand the importance of conflict of interest. The module will help the learner understand what is conflict and what constitutes interest. We further explain types of conflict of interest, its legal provisions and mitigation of Conflict of Interest.

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