Dear Seniors,
Greetings! If an employee makes purchases from a personal company and submits the sales invoice, isn't that a conflict of interest? He is not authorized to do so. Kindly guide me on what action should be taken against him. Please share the policy for this violation.
Regards.
From Pakistan
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2Greetings! If an employee makes purchases from a personal company and submits the sales invoice, isn't that a conflict of interest? He is not authorized to do so. Kindly guide me on what action should be taken against him. Please share the policy for this violation.
Regards.
From Pakistan
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Dear Abdul Basit,
The employee has made a purchase from the "personal company" and submitted the sales invoice. However, who owned this "personal company"? Did he own the company or was it owned by the employee's spouse, brother, sister etc? What was the nature of the purchase and who approved this purchase?
A conflict of interest occurs when an individual’s personal interests – family, friendships, financial, or social factors – could compromise his or her judgment, decisions, or actions in the workplace. However, do you have a policy on conflict of interest? If yes, then has it been communicated and how has it been communicated? What if the employee feigns ignorance on anything like "conflict of interest"?
Creating a policy on conflict of interest is a time-taking process. This is a part of the HR consulting activity. It will be difficult to create a policy that suits your needs exactly.
Thanks,
Dinesh Divekar
From India, Bangalore
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The employee has made a purchase from the "personal company" and submitted the sales invoice. However, who owned this "personal company"? Did he own the company or was it owned by the employee's spouse, brother, sister etc? What was the nature of the purchase and who approved this purchase?
A conflict of interest occurs when an individual’s personal interests – family, friendships, financial, or social factors – could compromise his or her judgment, decisions, or actions in the workplace. However, do you have a policy on conflict of interest? If yes, then has it been communicated and how has it been communicated? What if the employee feigns ignorance on anything like "conflict of interest"?
Creating a policy on conflict of interest is a time-taking process. This is a part of the HR consulting activity. It will be difficult to create a policy that suits your needs exactly.
Thanks,
Dinesh Divekar
From India, Bangalore
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Where an employee has multiple roles and the demands of these roles are at cross purposes, there is a conflict of interest. For instance, if one individual is heading both the production and quality departments at the functional level, a conflict of interest arises. In the Production role, the focus is on increasing quantity, while in the Quality role, the emphasis is on approving only goods that meet all quality standards. This situation highlights a conflict of interest.
From India, Mumbai
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From India, Mumbai
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Dear Saurabh Bhatt,
A similar discussion has taken place earlier. You may refer to the following threads:
https://www.citehr.com/626325-what-l...ml#post2459969
https://www.citehr.com/626325-what-l...ml#post2459969
Thanks,
Dinesh Divekar
From India, Bangalore
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A similar discussion has taken place earlier. You may refer to the following threads:
https://www.citehr.com/626325-what-l...ml#post2459969
https://www.citehr.com/626325-what-l...ml#post2459969
Thanks,
Dinesh Divekar
From India, Bangalore
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