Conflict of Interest or Loyalty Declarations

Governance

CONFLICT OF INTEREST AND LOYALTY POLICY

REGISTER OF BUSINESS AND OTHER INTERESTS

The appearance of impropriety can be as damaging as actual impropriety to Europe Triathlon’s reputation. As a result, this policy is designed in such a way that compliance therewith will avoid, to the fullest practicable extent, both the perception and incidence of improper situations. A substantial appearance of a Conflict of Interest/Loyalty exists whenever others may reasonably infer from the given circumstances that a conflict exists.

A Conflict of Interest/Loyalty is defined as any personal or financial relationship that could influence or be perceived to influence objectivity when representing or conducting business or other dealings for or on behalf of Europe Triathlon. These relationships include the individual directly involved in the decision making, friends* or family members of the individual. Family members include a spouse, parent, child or spouse of a child, sibling, spouse of a sibling, cohabitating companion or any other individual with a significant familial or familial-like relationship.

Individuals can easily become biased, having unfair preferences, for many reasons. Biased decisions can unfairly benefit the individual decision maker, friends, family, business partners or others within their sphere of influence. Biased decisions are not limited to financial gain. Other examples include decisions that influence race day, social, prestige, position or power gain. 

In a relatively small sport conflict of interest and or conflict of loyalty is likely to occur and this is not in itself a problem. However, conflicts must be managed appropriately to avoid perceived or actual bias and safeguard the integrity of the organisation.