HC-2.3.2
The board must establish and disseminate to its members and management, policies and procedures for the identification, reporting, disclosure, prevention, or strict limitation of potential conflicts of interest. It is
(a) Not enter into competition with the licensee ;
(b) Not demand or accept substantial gifts from the licensee for himself or connected persons ;
(c) Not misuse the licensee's assets;
(d) Not use the licensee's privileged information or take advantage of business opportunities to which the licensee is entitled, for himself or his associates; and
(e) Absent himself from any discussions or decision-making that involves a subject where they are incapable of providing objective advice, or which involves a subject or a proposed transaction where a conflict of interest exists.
January 2014