Conflict of Interest Disclosure by Employee

🔹 Risk Management

• Helps uncover situations where an employee may have personal, financial, or family interests that could compromise business decisions.
• Reduces the risk of fraud, corruption, or unfair business dealings that may harm the company.
• Creates a paper trail to protect the employer if a dispute or disciplinary matter arises.

🔹 Transparency & Trust

• Promotes an open and ethical workplace by requiring employees to declare outside interests.
• Builds trust with clients, investors, and stakeholders who value corporate governance and integrity.
• Deters misconduct by making employees aware that non-disclosure has consequences.

🔹 Disciplinary Clarity

• Establishes a clear framework for action if an employee fails to disclose a conflict.
• Provides legal grounds for disciplinary steps, including dismissal, if a hidden conflict results in misconduct or financial loss.

🔹 Employer Value

• Saves HR and management time creating a compliant document from scratch.
• Practical, professional, and tailored to South African labour law.
• Demonstrates that the employer is serious about accountability and governance.

✅ Bottom Line: Employers should purchase the Conflict of Interest Disclosure document to protect their business, enforce transparency, and minimise legal, financial, and reputational risks.