3.2 Conflict of Interest
Description
AfriLabs recognizes and respects the right of employees to take part in activities outside their jobs, those activities must be lawful and free from actual or potential conflicts with their responsibilities as AfriLabs employees. Employees must not misuse AfriLabs resources or influence, or discredit AfriLabs’ good name and reputation. All employees must declare actual or potential conflict of interest.
Influence On Transaction
No presumption of guilt is created by the mere existence of a relationship with outside interests. However, if employees have any influence on transactions involving purchases, contracts, recruitments, consultant engagement, hub admission, or leases, it is imperative that they immediately disclose in writing to their supervisor, People Management or to the Executive Director of AfriLabs the existence of an actual or potential conflict of interest so that safeguards can be established to protect all parties. All conflict of interest declarations must be shared with the People management department for filling in employee file
Personal Gain
Personal gain may result not only in cases where an employee or relative has significant ownership in a firm with which AfriLabs does business, but also when an employee or relative receives any kickback, bribe, substantial gift, or special consideration as a result of any transaction or business dealings involving AfriLabs. Failure to fully disclose any relationships, which may constitute a conflict of interest, may result in disciplinary action including termination.
Examples Of Conflict Of Interest
1. Purchasing Power No employee will use the buying power or duty-free privileges of AfriLabs to acquire goods or services for the benefit of the employee or his/her family members. 2. Procurement No employee shall authorise for use by AfriLabs any product or service furnished
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