All relevant individuals must avoid situations of conflict of interest that may arise between them and the company, its subsidiaries, and the parent company. They must fully comply with the company's conflict of interest policy, for example, when dealing with related entities and organizations:
When dealing with any entity or external party where the relevant individual in KFIC Financial Brokerage or its group has an interest, such as an entity owned by a relative, this employee is expected to refrain from participating in the decision-making process and determining the options related to this entity.
In such cases, the individual must disclose to their direct manager the nature of the relationship and interest. Board members, executive management, senior executives, and directors must disclose such situations to the Chairman of the Board of Directors and fully comply with the conflict of interest policy.
Potential conflicts of interest may arise between relevant individuals or their spouses, or any other direct family members who may have a financial interest, directly or indirectly.
For instance, one of them may be an investor, lender, board member, or have a relationship with a competitor, client, or supplier dealt with by the relevant individual or their supervisor during their tenure with the company. Accordingly, employees must immediately disclose any such interests to the company.