VL Compliance 2025

Warmup - How do you disclose a conflict of interest?

• Tell your team members in your team meeting
• Use the COI disclosure form on Veralto Connect

• Send a Teams message to your L1 leader
• There is no need to disclose

Warmup - Which of these are correct? Choose all correct options below:

• 1 + 1 = 3
• 4 - 2 = 2
• 2 + 3 = 5
• 6 - 4 = 1

Sam is new to the OpCo and was just reading through the conflict of interest policy. Which of the following best describes a conflict of interest?

• A situation where a person's personal interests could interfere or even appears to interfere with their professional responsibilities
• A disagreement between two coworkers over how to complete a project
• A company policy that limits employee interactions outside of work
• A decision-making process that involves multiple opinions

While waiting for a meeting with a customer, Sam uses a public Wi-Fi network at a café to access confidential company files. Later, he notices unusual activity on his account. What should he do?

• Sam should change his password and continue using the public Wi-Fi.
• Sam should immediately report the incident to IT Security and avoid using public Wi-Fi for confidential work.
• Sam should ignore the activity since he has a privacy filter protecting his screen.
• Sam should ask if the Wi-Fi network is experiencing any issues.

At the meeting, the customer asks if Sam's OpCo has expertise in a particular area related to the project. Sam says no, but knows that his close friend's company specialises in this area. What should Sam do if he wants to engage his close friend's company?

• Handle the negotiations discreetly to avoid scrutiny.
• Engage the friend’s firm without informing anyone, as their decisions are unbiased.
• Disclose their relationship to their supervisor or relevant parties.

• Refuse to engage their friend’s firm entirely to avoid conflicts.

At the car park, Sam bumps into a competitor and they stop for a quick chat. The competitor suggests to Sam that they divide the market territories to avoid direct competition with each other. The competitor mentions that other companies are already doing this and it would benefit both of them. What should Sam do?

• Sam should agree to ensure stable market conditions since this is done by other companies.
• Sam should consider the proposal and discuss it with his manager.
• Sam should report the conversation to Legal & Compliance and refuse to discuss further.
• Sam should negotiate for better terms for his organisation.

After leaving the customer site, Sam receives a call from someone claiming to be from IT support, asking for login credentials to fix an urgent issue. The caller mentions the unusual activity Sam noticed earlier on his laptop. What should Sam do?

• Since the caller knows about the unusual activity, Sam should provide the credentials to resolve the issue quickly.
• Sam should ask the caller to send an email for verification.
• Sam should hang up and ignore the request.
• Sam should report the call to IT Security and verify through official channels.

The next day, one of Sam's direct reports, Sally, approaches Sam in the office and asks if the situations below could be a COI. What should Sam's answer be? Select all correct answers.

• Starting a business that competes with the OpCo

• Creating a company that collaborates with the OpCo

• Serving on the board of a for-profit company without approval

• Engaging in a personal hobby unrelated to the OpCo's industry

Sally then asks if any of the following situations might be problematic. Which of these could lead to an actual conflict or the appearance of a conflict of interest? Choose all correct options below:

• Telling two suppliers about an upcoming project without telling another supplier they compete with.
• Holding a financial interest in a competitor of the OpCo that influences business decisions.
• Accepting a reduction in registration fees for a conference which her manager thinks benefits the OpCo.

• Attending a concert with tickets given by a supplier who has indicated their interest to bid for our upcoming tender.

Sam is planning to share some information with a third-party vendor. The vendor does not have a signed NDA but claims to have worked with Sam's company before. The vendor also mentions knowing the VP at Sam's OpCo, Jane, who vouched for them. Choose all correct options below:

• Sam should share the information to expedite the project.
• Sam should ask Jane to share the information instead.

• Sam should request the vendor to sign an NDA before sharing any confidential information.

• Sam can share non-confidential parts of the information.