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Conflict of interest dating in the workplace

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A potential or actual conflict of interest exists if you participate in or attempt to influence a decision or transaction that could materially affect the value of a financial interest held by you, a member of your family, or another person with whom you have a close relationship.A "financial interest" is (a) any investment in a privately held business or (b) an investment equal to one month of your base salary or more in the publicly traded stock of another company that is conducting or seeking to conduct business with PG&E.

As an example, if your business is selling paint products do you want an employee who sells paint as a side business? A definition of a conflict of interest is any activity, financial investment, interest, association, or relationship, (including relationships with family members, relatives, friends, and social acquaintances), that conflicts with an employee’s independent exercise of judgment concerning their employment.I've told employees, submitting potential conflicts, my job is to help guide them through the process, and come to a conclusion that is fair to all concerned.Many of the conflicts I have resolved can be attributed to the employment of relatives working for the same company.Conflicts of interest also arise when an employee or a member of his or her family receives improper benefits (e.g., a loan or guarantee of work) as a result of the employees position in the company.Disclose any potential conflict of interest to your supervisor, and ensure that the appropriate decision-maker concurs in writing if youre allowed to remain in a situation that could be perceived as a conflict of interest.Although it is not possible to identify all possible situations, reasonable business judgment should be sufficient to evaluate most situations.