Understanding Conflicts of Interest - Part 3: What You Need to Know

The video discusses conflicts of interest in the workplace, focusing on outside employment, use of company resources, and family and financial conflicts. It provides guidelines for managing these conflicts, emphasizing the importance of full disclosure and ethical behavior. The video also covers the proper use of company time and resources, and the rules for engaging in volunteer work or selling products at work.

What is a key question to ask when determining if an activity is a conflict of interest?

• Is it profitable?

• Who benefits and who pays for it?

• Is it time-consuming?

• Does it involve travel?

Which of the following is NOT a guideline for outside employment?

• Full disclosure is required when working with company suppliers.

• Do not use company equipment for personal jobs.

• Outside business should not interfere with regular duties.

• Personal business can be done on company time.

What should you do if a competitor asks you to consult for them?

• Accept the offer immediately.

• Notify your ethics office or HR manager.

• Ignore the request.

• Discuss it with your coworkers.

Why is it important to avoid using company resources for personal activities?

• It can lead to increased productivity.

• It helps in building personal relationships.

• It may result in a conflict of interest.

• It is encouraged by most companies.

What should you do if a family member works for a competitor?

• Encourage them to switch jobs.

• Disclose the situation to management.

• Ask them for insider information.

• Keep it a secret.

Under what condition can volunteer work be done on company time?

• If it involves travel.

• If it is for a personal cause.

• Without any approval.

• With supervisor approval.

What is a requirement for selling products for charity at work?

• It must be a personal business.

• It should involve all employees.

• Purchasing must be voluntary.

• It must be done during working hours.