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- Current and past directorships and shareholdings
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Steps involved in the Directorship/Conflict of Interest check process:
Set up your account and select Directorship/Conflict of Interest check
The directorship/conflict of interest check can be ordered individually or as part of a check package.
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Candidate receives email and gives consent
The candidate can quickly respond from any device.
Candidate will be prompted to provide necessary information
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System analysis and matches information provided and returns results
The directorship/conflict of interest check result is delivered as part of the verified candidate profile.
As most people know, a conflict of interest is when there is a financial transaction that could influence the director's judgment. For example, if someone accepts money for providing something to their company without considering what it cost, they may need to return this "benefit" to the company.
A director's conflict of interest is a situation where the director's personal interests conflict with their duties. This means that the person might have some other interest that could have an impact on this business.
A conflict of interest for a board member is signified by someone who has competing interests or loyalties. An individual that has two relationships that might compete with each other for the person's loyalties is also considered a conflict of interest.
As with other types of illegal or unethical activities, conflict of interest activities carry risks. Federal and state laws have been set-up to criminalize conflict of interest in the public sector, and in certain circumstances, conflicts of interest can be a punishable offense.