Conflict of interest - Please answer this question
scenario 1:Assume you are a director in a group company. Assume you have your relative working as the group finance manager.
scenario 2: assume you are the vice chairman of the same group and your wife works in the same group as a Payroll Manager.
$1m question: Is there a Conflict of Interest in each situation.
none if both will act professionally @ all times.
as a general rule there is.. but still it depends on company specific..
No ..
Both these scenarios do not fall in the category of Conflict of Interest.
However most of the company's have in house policy to avoid such appointments in order to have better and effective control.