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4.0 CONFLICTS OF INTEREST
Members pledge to avoid conflicts of interest, or the appearance of
such, and to disclose to a client any circumstances or interests that
might influence their judgment or objectivity. |
WHAT THIS MEANS
4.1 Do not accept concurrent assignments for the same or similar projects
with competitors of your clients, or with other organizations whose
interests compete with your clients in the same market place, without the
permission of all the organizations concerned. You may accrue general
industry knowledge over the course of multiple client assignments and apply
that to your continuing consulting, but you must be careful not to apply
specifics designed for one client to that of a competitor without mutual
permission.
4.2 Do
not assist a client in unlawful or socially detrimental efforts. Consulting
to a tobacco company on how to lure more kids to smoke cigarettes would be
socially detrimental. However, you may engage with a client that is
performing to the detriment of society if the result of the assignment is to
improve the client’s social responsibility. You may consult to a tobacco
company on how to set up charitable foundation to aid cancer patients. If
you discover that an assignment you have accepted is unlawful or socially
detrimental, withdraw from it.
4.3 Where
payment to you by a party other than your client is possible, inform your
client. For instance, if you are retained to recommend a vendor and the
vendor will also pay you a royalty, inform your client of this possibility
in advance.
4.4 You need not disclose the details of
business relationships with other consultants (such as strategic alliances,
joint ventures, broker arrangements). For instance, your client does not
need to know how much you pay sub-contractors or strategic alliance
partners.
© Copyright IMC USA 2002
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