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Avoid a conflict of interest from affecting your employees'

by , 05 February 2013
Political issues have a way of showing what you need to be aware of in your business. Take Communications Minister Dina Pule for example. She involved her lover in last year's ICT Indaba and this could now backfire and affect her political career thanks to a call for the Public Protector to investigate exactly what went on. Here's how you can keep your company free of similar sticky labour issues by making sure your business code of conduct is clear when it comes to conflict of interest.

An investigation by Werksmans Attorneys on behalf of MTN has revealed that Communications Minister Dina Pule's alleged lover, Phosane Mngqibisa, benefited improperly from last year's 'ICT Indaba' conference to the tune of R6 million.
Now, Parliament's ethics committee has started an investigation into whether this was ethical business practice or not, writes Paul Vecchiatto on the Business Day's BDLive website.
At the same time, the Democratic Alliance (DA) is demanding that Public Protector Thuli Madonsela speed up her investigation into claims that Mngqibisa received money for jam, adds Chanel September on the EWN website.
Pule clearly didn't see this as a conflict of interest.
Avoid conflict of interest in your workplace by being clear on ethical business practice
Luckily, there's a way to prevent similar unethical deals from taking place in your business.
All you have to do is put in place a business code of conduct that makes the professional standards you expect in your business clear.
Here what's you should include in your business code of conduct to avoid trouble down the line
You'll need to be explicit about how your company treats third party service providers and other business partners.
This should explain all areas that would be seen as a conflict of interest, such as if your employees moonlight for other companies or if employees' romantic relationships start having an impact on your business.
Having a clear business code of conduct in place will make sure you and your employees are doing the right thing when 'no one is looking', says The Labour Bulletin.
And don't forget to add information on what your company regards as ethical business practice to your business code of conduct to avoid sticky labour issues!

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