What constitutes a conflict of interest? Employment lawyer weighs in
BBC chairman Richard Sharp recently resigned from his post after a report found he’d “failed to disclose potential perceived conflicts of interest” over supposed dealings with then Prime Minister Boris Johnson.
In his resignation statement, Sharp clarified that failing to inform a panel about his involvement was inadvertent – adding that he acted with “the best of intentions”.
The issue of conflict of interest is a complex one for employers – but one that’s seemingly on the rise in larger corporations.
A survey from CIPD found that 38% of employees have witnessed a conflict of interest at work – with a report from EY adding that 56% of employees say conflicts of interest are either not well-managed or not managed at all in their organization.