This sample outlines a set of policies and procedures to help a company and each of its direct and indirect subsidiaries and senior officers and directors identify and properly address potential conflicts of interest.
Although it is impossible to describe every situation that might give rise to a potential conflict of interest, this policy addresses the following common situations that may give rise to a conflict of interest: 1.) A director or senior officer has a personal financial interest, whether direct or indirect, in a transaction or arrangement entered into by a company or in an entity doing business with a company. 2.) A director or senior officer intends to exploit a corporate opportunity that rightfully belongs to a company.