Aclan Group: Strengthening Integrity Through a Strict Conflict of Interest Policy

Posted on: January 13, 2025

The Aclan Group of Companies (AGC) has long recognized that integrity and transparency are cornerstones of organizational success. To uphold these values, AGC has implemented a strict Conflict of Interest (COI) Policy, ensuring that employees maintain a professional atmosphere free from biases or competing interests.

Understanding Conflict of Interest

Conflict of interest arises when personal or external engagements interfere with an employee’s duties and responsibilities within the organization. This can manifest in several forms:

• Competing Businesses: Employees engaging in or owning businesses that directly compete with AGC’s operations.

• Extra Work: Outside employment or ventures that detract from focus and performance in AGC.

• Relatives in a Company: Nepotism or the influence of familial relationships within the professional environment.

• Transactions with the Employer: Employees conducting business with the company for personal gain.

Such conflicts compromise decision-making, erode trust, and create an environment of unprofessionalism.

The Impact of Conflicts of Interest

In the past, AGC faced challenges due to employees with conflicting interests. These individuals made biased decisions, prioritized personal gains over organizational goals, and created significant setbacks, including profit erosion and operational inefficiencies.

This experience highlighted the critical importance of addressing conflicts of interest to protect the company’s long-term success.

AGC’s Commitment to Professionalism and Integrity

In response, AGC embarked on a comprehensive cleanup initiative, removing instances of conflict of interest and reinforcing its commitment to ethical business practices. Key measures include:

1. Mandatory COI Declarations: Employees are required to disclose any potential conflicts upon hiring and throughout their tenure.

2. Zero Tolerance Policy: Any proven conflict of interest is treated as a serious violation, with strict actions to protect the company’s integrity.

3. Hiring High-Integrity Professionals: AGC prioritizes individuals with strong moral principles, understanding that maintaining integrity sometimes comes with personal sacrifices.

Why COI Eradication Matters

Conflict of interest undermines trust—the foundation of any successful organization. It compromises the moral fiber that binds employees to their responsibilities and to each other.

For AGC, integrity is non-negotiable. The company continues to uphold its values to foster a culture of transparency, professionalism, and mutual respect.