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Conflict Of Interest Policy1.1 As members of the Management Committee and staff of the SIAS which is a charity, we have an obligation to act in its best interest. Hence, we need to avoid situations where there may be real, potential or perceived conflicts of interest, which may arise where a member%u2019s personal or family interest conflicts with those of SIAS 1.2 Such conflicts may create problems that may result in the following: a) Cause damage to the Charity%u2019s reputation which may lead to its inability to sustain operations; b) Influence the members%u2019 judgment and compromise objectivity c) Restrict free discussion, thus resulting in decisions or actions that are not in the interests of the Charity; and d) Risk the impression that the Charity has acted improperly. 1.3 This Policy aims to protect both the Charity and its members from any appearance of impropriety. 1. PURPOSE2.1 %u201cCharity%u201d refers to the Securities Investors Association (Singapore) (SIAS) as the issuer of this document. 2.2 %u201cMember%u201d refers to a Management Committee member or management member or staff member or volunteer member of the charity. 2.3 %u201cPolicy%u201d refers to the Conflict of Interest Policy. 2.4%u201cInterest%u201d means any commitment, investment, relationship, obligation, or involvement, financial or otherwise that may influence a person%u2019s judgement. This would include: a. Direct interest %u2013 ownership in the name of the member / staff; b. Indirect interest %u2013 ownership beneficially held through another investment, estate, trust or other intermediary; c. Vested interest %u2013 personal stake or involvement, which may or may not include an expectation of financial gain; and d. Deemed interest %u2013 a member / staff is deemed to have an interest which his / her spouse / domestic partner holds an interest in. 2.5A conflict of interest arises when the personal interests of the member / staff may potentially interfere with the performance of his / her duties in the charity. When actual, potential or perceived conflict of interest arises, the integrity, fairness and accountability of the person may be affected, which could impede the best interest of the charity.2. DEFINITIONSGovernance Report37 25TH ANNUAL REPORT | 2023 - 2024