Conflict of Interest

How does conflict of interest occurs?

• When personal interests or relationship that interferes or could reasonably be perceived to interfere.

• When two employees disagree on a matter.

• When a company faces financial difficulties.

• When an employee takes on additional responsibilities voluntarily.

Why is it important for organizations to have policies regarding conflicts of interest?

• To ensure fairness and transparency in decision-making

• To avoid hiring conflicts

• To effectively identify, disclose and manage any actual, potential or perceived conflicts of interest

• To increase company profits

A conflict of interest can arise when a person takes actions or develops interests or relationships that may make it difficult to perform his/her work objectively and effectively.

• True

• False

The Conflict of Interest Policy applicable to

• The Board Members and the management

• The management and the employees of MTB

• The employees of MTB only

• The Board Members, the management and the employees of MTB

The following family member refers to a member of the family of the individual and may include the individual's except for

• Spouse

• Friends

• The spouse of the director's child

• Parents

1. The Conflict of Interest Policy will be enforced through appropriate means of discipline, which may include, but not limited to

• Counselling

• Oral or written reprimands or warnings

• Probation or suspension

• All of the above

Which of the following is an example of a conflict of interest?

• An employee serving as a volunteer for a local charity in their free time.

• • A manager hires a close friend for a job without disclosing their relationship.

• • An employee receiving a promotion based on their performance evaluations.

• An executive attending a professional development seminar to improve leadership skills

Which unit shall maintain a register of conflicts (if any) to record all cases of conflict of interest whenever they arise?

• Legal Unit

• Compliance Unit

• Compliance & Risk Unit

The employees of MTB shall be subjected to a monthly compliance check and reporting that such person has read and understood the requirements pertaining to the Conflict of Interest Policy

• True

• False

Why is it important for organizations to manage conflicts of interest?

• To ensure fairness and integrity in decision-making.

• To ensure the employees are aware of their obligations to disclose any conflicts of interest that they may have.

• To protect the organization's reputation from legal risk.

• To prevent favoritism, bias and unequal treatment among employees or clients.