Document background
The Conflict of Interest Declaration Form For Employees is a crucial compliance document required under Malaysian corporate governance framework and anti-corruption legislation. This form serves as a preventive measure against corruption and ensures transparency in business operations as mandated by the Malaysian Anti-Corruption Commission Act 2009 and the Companies Act 2016. It is typically implemented during employee onboarding and updated annually or when significant changes occur in an employee's circumstances. The document captures detailed information about any business interests, relationships, or activities that could potentially conflict with an employee's professional duties. Organizations use this form to identify, assess, and manage potential conflicts, thereby maintaining ethical business practices and protecting both the employer's and employees' interests while ensuring compliance with Malaysian regulatory requirements.
