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Conflict of Interest

On occasion, you may meet situations where your personal interests would conflict with ours. To avoid these circumstances One Degree North’s policy on conflicts of interest is as follows:

You should not have any personal interest outside One Degree North which could in any way conflict with the interest of the Company or put you in a position where you could use your Company connection for personal gain for yourself or your family to the possible detriment of One Degree North. It is not possible to enumerate all the situations in which possible conflicts might arise, but a non-exhaustive list of some examples where we consider there would be a conflict of interest:

  • Lending or borrowing from individuals or concerns that do business or compete with our associates, the exception to this is banks or other financial institutions.
  • Obtaining benefit personally or for an immediate family member from any purchase of goods or services from our clients or its associates, or other action taken in the capacity of an employee of One Degree North.
  • You or a member of your immediate family having any direct or indirect interest in any enterprise doing business with or competing with One Degree North or any of its associates, except where such interest comprises securities listed on a stock exchange and is not in excess of one per cent of the securities of any Company, or except where the interest has been fully disclosed and has been approved by Management.
  • Serving as an officer, director, employee or consultant of, or receiving income from any enterprise doing business with, or competing with One Degree North or any of its associates, or seeking to do so, unless the relationship has been fully disclosed and has been approved by Management.
  • Using or revealing (without prior authorisation) confidential information concerning One Degree North or its associates.
  • Using or permitting others to use other employees, materials or equipment improperly for personal purposes.
  • Accepting any reward from any third party for services during any time when you are being paid by One Degree North or its associates or when you are otherwise engaged on Company business.

In these cases the conflict is clear. Other situations may arise to create less obvious conflicts. If you have any doubts as to the propriety of any action you may wish to take you should first obtain the consent of a director.