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 CONFLICT OF INTEREST
Employees are expected to devote their best efforts to the interests of the organization and the conduct of its affairs. The Marcus Center recognizes the right of employees to engage in activities outside of their employment which are of a private nature and unrelated to our business.
It is impossible to describe all the circumstances and conditions that might cause a Conflict of Interest. However, the following are set forth to guide employees specifically in the areas of Outside Employment and Financial Interests.
- Employees have an obligation to devote their full employment time to the business of the Marcus Center and may not engage in any outside professional work without full disclosure to the President.
- If an employee, spouse or other member of an employee's immediate family is engaged in a business similar in nature to the Marcus Center's, it must be disclosed in full to the President.
No employee may engage in outside work that will interfere with his or her primary job with the Marcus Center. Nor will any employee engage in any activity of a nature that is in some way hostile or adverse to the Marcus Center.
- No outside work may be done during regular office hours and no corporate facilities, equipment (e.g. telephones, computers), labor or supplies are to be used to conduct any outside activity..
- An exception can be made when an employee is a volunteer member of an organization in which participation is beneficial to the Marcus Center, or in which the employee serves as a representative of the Marcus Center.
- Any employee doing any outside work is under an obligation to advise his or her client that the work is in no way by, for, or in the name of the Marcus Center.
A Financial Interest, whether through business, investment, or immediate family (spouse, children and parents), is described as one or more of the following:
- An ownership or investment in, or compensation arrangement with, an entity with which the Marcus Center has a transaction or arrangement, or
- A potential ownership or investment interest in, or compensation arrangement with, any entity with which the Marcus Center is negotiating a transaction or arrangement, or
- Borrowing money or anything of value from an individual or entity with which the Marcus Center has a transaction or arrangement. However, borrowing from banks, insurance companies or other recognized institutions that do business with the Center, on terms and conditions that are offered to the general public, is not considered a conflict of interest.
- Directly or indirectly engaging in any substantial financial transaction with a benefactor of the Marcus Center unless the transaction is in the ordinary course of the business of the benefactor.
- Acceptance of cash gifts in any amount, and any non-cash gifts in excess of $100 in any calendar year by you or members of your immediate family from an entity with which the Marcus Center has a transaction or arrangement, or with which the Center is negotiating a transaction or arrangement. This does not include the acceptance of items of nominal or minor value that are clearly tokens of respect or friendship, ordinary business meals and business entertainment or items received at public events.
Determination of Conflict of Interest: A policy of full disclosure must be followed to assess and prevent potential conflicts of interest from arising. Contact your supervisor or the human resources manager if you have questions regarding a possible conflict of interest or outside work.
Employees are required to annually disclose any Outside Employment and/or Financial Interest in writing. The President of the Marcus Center shall make the determination of whether they create a Conflict of Interest. Such determination shall be provided to the employee in writing.
If it is determined that a Conflict of Interest does exist, the President shall determine steps to be taken to remedy the situation in order to remove the Conflict of Interest. In the case of the President, the Chairman of the Marcus Center board shall make such determinations.
Failure to disclose or discuss information related to any of the above points may lead to corrective action up to and including discharge.
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