Financial Conflict of Interest

Financial conflicts of interest are usually problems for large stockholders, company officers, or owners. However, everyone in a company should be aware of financial conflicts of interests because investments in competitors, vendors, or suppliers may pose a conflict. When this happens, it is known as having a “significant financial interest.”

Time is money! When you were hired, you made a deal to exchange your time for money. That means that the company owns your time when you’re on the clock. That means you are expected to devote 100% of your time at work to your employer so you should avoid using company time, resources, or other employees’ services for outside activities. Examples include: making phone calls, using email and the Internet, using company office equipment, photocopy machines, office supplies, or vehicles, seeing your customers and clients while on company time, and using company property (even after hours). Don’t rationalize. Don’t push the limits. Don’t trivialize wasting time. Stealing company time is just as unethical as stealing company resources. Of course, some outside activities may be permissible during lunches or breaks but the company maintains the right to regulate or limit the activity as it sees fit.

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