Managing conflicts of interest: we all need to lift our game
Declaring a conflict is only the first step. Boards must ensure conflicts are properly recorded, actively managed and transparent.
Conflict of interests practice guide
This guide helps directors manage conflict of interests in the boardroom and model good practice.
A conflict of interest occurs when a director has more than one interest, one of which will or might motivate an act in another.
Even where there is no statutory requirement to disclose interests, the associated risks need to be managed to avoid unwanted consequences.
This guide provides a three-step process for handling a conflict of interests.
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Identify conflicting interests in a director's role or responsibilities.
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Declare the conflict to the board and record it in the organisation’s interest register.
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Determine what course of action should be taken
Download practice guide
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