Did you know that when you become a member of MPI, you agree to abide by the Principles of Professionalism? (http://www.mpiweb.org/Archive/0/55.aspx) These principles include a statement about avoiding actions which are or could be perceived as a conflict of interest or for individual gain.
In addition, many organizations today have conflict-of-interest policies. Conflict of Interest policies are intended to ensure impartial decision-making by officers, directors and senior employees. Conflict of Interest policies typically require insiders to disclose their relationships and connections to suppliers seeking their business.
So are you conflict free? Consider the following scenarios:
- You receive commissions on bookings - do you disclose that information to your client?
- Several destinations are under consideration for an incentive program you are planning - one of the destinations offers you a trip for you and your family if their destination is booked. What do you do?
- You serve on the Board of an industry association. During your term, you are asked to serve on the Board of another organization who has similar interests. What do you do?
- Your organization has issued an RFP for some upcoming events. Your best friend has started his own catering company. He asks you to write a letter of reference, or put in a good word when your organization considers the proposals. What do you do?
- You are a volunteer on a committee and they are looking for a service of a company that your husband happens to work for. When recommending that this company be considered do you disclose your relationship?
We'd love to hear from you on your conflict of interest experiences or policies and procedures. Post a comment.
Nikki
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