Canadian Air Transport Security Authority: Conflict of Interest Measures
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Conflict of Interest Measures Wednesday 31 January 2024 04:23 PM UTC+00 Conflict of Interest Measures Definitions"Conflict of Interest", under the Conflict of Interest Act and within this Code, means when a Director exercises an official power, duty or function that provides an opportunity to further his or her private interests or those of his or her relatives or friends or to improperly further any other person's private interests. "Real" means that the Conflict of Interest exists at the present time. "Apparent" means that the Conflict of Interest is perceived by a reasonable observer to exist, whether or not it is the case. "Potential" means that the Conflict of Interest can be reasonably foreseen to exist in the future. Standard of ConductDirectors shall avoid and disclose any Real, Apparent or Potential Conflict of Interest. [COIA s. 4-5 and FAA, s. 116] COIA RequirementsAs Public Office Holders, Directors shall also comply with the Conflict of Interest requirements of the Conflict of Interest Act. These requirements are summarized at Schedule 1 (Conflict of Interest Act – Summary of Rules). Timing and Manner of DisclosureDisclosures must be made:
Where it is not practicable to make a disclosure as indicated above, disclosures may be made at Committee or Board meetings to either the Committee Chairperson or the Board Chairperson. Avoiding Conflicts of InterestThe following table outlines a list of actions that may be taken to remedy or avoid a Conflict of Interest should one arise under this Code and/or the Conflict of Interest Act. This is not an exhaustive list and not every action will be sufficient to respond to a Conflict of Interest.
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