Can you provide a conflict of interest letter sample for reference?

Answer 1

A conflict of interest letter is a document that outlines any potential conflicts that may arise in a business relationship. It typically includes details about the nature of the conflict and how it will be managed to ensure fairness and transparency. Here is a sample conflict of interest letter for reference:

Your Name Your Title Company Name Company Address City, State, Zip Code

Date

Recipient's Name Recipient's Title Recipient's Company Name Recipient's Company Address City, State, Zip Code

Dear Recipient's Name,

I am writing to disclose a potential conflict of interest that may arise in our business relationship. As an employee of Company Name, I have a personal relationship with a key stakeholder in your company, Stakeholder's Name. This relationship could potentially influence my decision-making process and create a conflict of interest.

To ensure transparency and fairness in our interactions, I will take the following steps to manage this conflict:

• I will disclose any interactions or discussions I have with Stakeholder's Name that may impact our business relationship.
• I will recuse myself from any decision-making processes or negotiations that involve Stakeholder's Name.
• I will seek guidance from my supervisor and the company's ethics committee to address any conflicts that may arise.

I am committed to upholding the highest ethical standards in our business dealings and will take all necessary precautions to prevent any conflicts of interest from affecting our partnership.

Please review this letter and let me know if you have any concerns or require further clarification. I appreciate your understanding and cooperation in this matter.

Sincerely,

Your Name Your Title Company Name