What is conflict of interest and how is it related to the prohibited practices?
Conflict of interest is any situation in which a party has interests that could improperly influence that party’s performance of official duties or responsibilities, contractual obligations, or compliance with applicable laws and regulations. A conflict of interest is not necessarily a violation in and of itself, but could potentially provide an opportunity for and lead to one of the prohibited practices. Therefore, it has to be managed with transparency, ensuring total impartiality in order to avoid a real, potential or even the appearance of an integrity violation.
