Managing conflict of interest situations is important to the governance of any organization.
The International Chamber of Commerce (ICC) recently published enterprise guidelines for conflicts of interest. The guidelines were prepared by the ICC’s Commission on Corporate Responsibility and Anti-Corruption.
The guidelines “provide recommendations to Enterprises on how to monitor and manage Conflicts of Interest facing their directors, officers, employees, agents and representatives.”
By advising Enterprises on how to put in place a policy preventing Conflicts of Interest, ICC helps them deter corrupt practices and other illegal behaviour and promote an ethical business culture. These Guidelines also include four practical scenarios to illustrate the recommendations, as well as generic recommendations for preventing and mitigating Conflicts of Interest. Unresolved direct or indirect Conflicts of Interest are not acceptable in an Enterprise.
You can access the guideline directly from ICC site (https://iccwbo.org/) or download it from here