DCEC’s conflict of interest policy applies to all prospective or current employees of the organization, as well as independent contractors and persons acting on behalf of the organization.
The purpose of this Policy is to set out the DCEC’s approach to identify and manage conflicts of interest which may arise during the course of its day to-day activities.
Conflict of interest may occur whenever an employee’s interest in a particular subject may lead them to actions, activities or relationships that undermine the organization and may place it to disadvantage. To avoid conflict of interest the senior management should:
- Lay down policies and internal procedure to identify and avoid or to deal or manage actual or potential conflict of interest;
- develop an internal code of conduct governing operations and formulate standards of appropriate conduct in the performance of their activities and ensure to communicate such policies, procedures and code to all concerned;
- develop measures to prevent or limit any person from exercising inappropriate influence over the way in which the services are carried out;
- at all times maintain high standards of integrity in the conduct of its transaction;
- ensure fair treatment of the organization’s associates & partners and not discriminate amongst them;
- ensure that its personal interest does not, at any time conflict with its duty on its associate’s interest always takes primacy in its advance, investment decision and transactions;
- make appropriate disclosure to the partners & associates of possible sources or potential areas of conflict of interest which would impair its ability to render fair, objective and unbiased services;
- appoint independent internal auditors to ensure that appropriate systems and controls are maintained and their effectiveness or otherwise is being reported to the organization’s senior management team.
- Not to communicate the material non published information while dealing with third party
- Not in any way contribute to manipulate the financial data of the organization
- Not share information received from associates or pertaining to them, obtained as a result of their dealings, for its personal interest.