Conflict of Interest / Procurement Code of Conduct

A summary of responses received for this Peer2Peer inquiry is available below.

Original Inquiry

BACKGROUND

Some outside business activities can create a real, potential or perceived conflict of interest in the minds of an organization, its customers or other employees. Typically, organizations will have an enterprise or corporate code of conduct that articulates how employees are expected to conduct themselves and requests that they avoid circumstances where a real, potential or perceived conflict of interest may arise. If a real, potential or perceived conflict of interest arises, there are guidelines/procedures around disclosure. During a sourcing initiative or engagement of a supplier/vendor/third party, awareness of a real, potential or perceived conflict of interest by an organization’s employees involved in the initiative/engagement is one aspect of Conflict of Interest.

REQUEST FROM PEER

1. Do you have a Conflict of Interest program directed to the sourcing/engagement of a supplier/vendor/third party in your organization? If so, provide an overview of your program.

2. Which division or corporate area in your organization manages or owns the execution of the program?

3. What divisions or corporate areas are involved in your Conflict of Interest program?

4. What are the success stories of your Conflict of Interest program?

5. What are the known challenges of your Conflict of Interest program?

6. Would you be willing to have more detailed discussions around your program?

Summary of Responses

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