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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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