A situation where personal interest may interfere with objectivity in carrying out company duties. Employees must avoid such conflicts and must not use their position, working hours, or company resources for personal gain or to the company’s disadvantage.

The COBC provides clear guidelines for handling conflicts of interest involving selected individuals and entities. These procedures ensure that all potential conflicts are addressed fairly and transparently.

Conflicts of interest may arise in various situations, including dealings with suppliers, customers, agents, and competitors; personal dealings with suppliers and customers; engaging in outside employment or activities outside the company; holding board memberships; having family members or close personal relationships that may influence decisions; and participating in investment activities that could affect impartiality.

When faced with a potential conflict of interest, Employees must complete the Conflicts of Interest Disclosure Form to ensure transparency and proper record-keeping.