Conflict of Interest

Employees are expected to act in the best interests of CFTS.CO (U) Ltd. and to avoid situations where personal interests could conflict with the interests of the company.

A conflict of interest may occur when an employee’s personal relationships, financial interests, or outside activities influence or appear to influence their ability to make objective decisions in their role.

What this means

Employees should exercise good judgement and maintain high ethical standards in all business dealings.

Situations that may create an actual or perceived conflict of interest should be avoided wherever possible. Where a potential conflict exists, it should be disclosed to management so that appropriate steps can be taken.

Having a personal or business relationship with another organisation is not automatically considered misconduct. However, transparency is essential so that the company can ensure that all decisions remain fair and impartial.

Examples of potential conflicts

Examples of situations that may create a conflict of interest include:

• Working for or assisting a competitor, supplier, or customer of CFTS.CO (U) Ltd.
• Engaging in self-employment or business activities that compete with the company.
• Using company information, resources, or assets for personal gain.
• Receiving gifts, payments, kickbacks, or other benefits in connection with company business.
• Having a financial interest in a company that does business with CFTS.CO (U) Ltd.
• Using company labour, equipment, or materials for personal projects.
• Developing personal relationships that could affect impartial decision-making within the workplace.

These examples are not exhaustive, and other situations may also constitute a conflict of interest.

Disclosure of conflicts

If an employee or someone closely connected to them (such as a family member or close associate) has a financial, employment, or business relationship with a competitor, customer, supplier, or potential supplier, this must be disclosed to management in writing.

Disclosure allows the company to review the situation and implement safeguards where necessary.

Possible actions

Failure to disclose or properly manage a conflict of interest may result in disciplinary action, which could include termination of employment depending on the seriousness of the situation.