Understanding Conflicts of Interest: What You Need to Know

The video discusses the ethical use of company time and resources, emphasizing the importance of avoiding conflicts of interest. It provides guidelines for outside employment, consulting, and using company resources. The video also covers managing financial and family conflicts, ensuring that personal interests do not interfere with professional responsibilities.

What is a key question to determine if an outside activity is a conflict of interest?

• Who benefits from the activity?

• How much time does it take?

• Is it profitable?

• Is it legal?

What must you do before working for a competitor or supplier?

• Notify your coworkers

• Get written approval from the company

• Start working immediately

• Keep it a secret

What should you avoid using for outside activities during work hours?

• Company email and internet

• Personal phone

• Lunch breaks

• Public transport

What is a potential conflict of interest related to family members?

• Family members attending company events

• Family members working in the same department

• Family members having a financial interest in a competitor

• Family members living in the same city

What should you do if you want to sell products for charity at work?

• Start selling without permission

• Use company email to promote

• Ask for management approval

• Sell only to friends

What is the company's obligation regarding your volunteer work?

• No obligation to subsidize

• To offer paid leave

• To provide transportation

• To subsidize your expenses

What is not allowed when promoting products from your outside business?

• Sending personal emails

• Talking to coworkers during breaks

• Discussing after work hours

• Using company bulletin boards