Conflict of Interest

Conflict of Interest

Aim

1. ATEL Employment Services places great importance on making clear any existing or potential conflicts of interest that may arise in the course of conducting its business.

Policy

2. Accordingly:
   
   
   1. Any business or personal matter that could lead to a conflict of interest of a material nature involving a director, manager or staff member and his/her role and relationship with ATEL must be declared and registered in the Register of Interest.
   2. All such entries in the Register shall be presented to the Board and minuted at the first Board meeting following entry in the record.
   3. All conflicts of interest must be declared at the earliest time after the conflict is identified.
   4. The Board shall determine whether or not the conflict is of a material nature and shall advise the individual accordingly.
   5. Where a conflict of interest is identified and/or registered, and the Board has declared that it is of material benefit to the individual or of material significance to the company, a management plan will be developed and implemented.
   6. The Board will determine what material/records etc relating to the matter will be available to the director or staff member.
   7. All such occurrences (relating to items d – f) will be minuted.
   8. When the Chairperson is aware of a real or potential conflict of interest involving one or more directors, the Chairperson must take whatever steps are necessary to ensure that the conflict is managed in an appropriate manner according to this policy.
   9. Individual directors, managers or staff members aware of a real or potential conflict of interest have a responsibility to bring this to the notice of the CEO and Board.