Conflicts of interest can occur if personal interests or family, as well as friendship ties between employees, are pitted against the interests of the company. A conflict of interest can arise, for example, when hiring employees or awarding contracts.
However, conflicts of interest can also arise without any active intervention. Generally, we expect our employees to follow ethical and moral standards of conduct, and avoid activities that have a negative influence on independent and objective judgement.
If employees are concerned that they are in a conflict of interest, they are encouraged to inform their supervisors.