Conflict of Interest

 

  • If a future employee, an introducer, affiliate, or business partners' does not inform the Group Managing Director, or it comes to his attention by a third party of an alleged conflict of interest; it is grounds for potential termination of any contracts (based on evidence);

 

  • If the alleged conduct of the employee, an introducer, affiliate, or business partners' willingly damages the reputation of NSG or causes deliberate finance risk, with valid evidence; legal action will be effected;

 

  • If a loss is incurred by NSG, the company is entitled to legal recourse through the Small Claims Court (via the County Court) or the High Courts of Justice, depending on the value of any claims.

 

  • It is very important that a future employee of NSG, an introducer, an affiliate, or business partners' does not enter into conflicts of interests or loyalty to a client, or business interest in the same industry (e.g. a rival business).  

 

  • Avoidance of nepotism - the act of giving favors to relatives, close friends, or business acquaintances is unacceptable;

 

  • We rely on an employee, an introducer, affiliate, or business partners' to make their decision solely on the basis of objective criteria, and not to be influenced by personal interests and relationships in business decisions;

 

  • An employee, an introducer, affiliate, or business partners', is to disclose information immediately to the Group Managing Director of a possible or the potentiality of a conflict of interest between their work and private interests;

 

  • Conflicts of interest may particularly arise if a future employee, an introducer, affiliate, or business partners' acts as a competitor of NSG, is active for or involved in another company that concludes legal transactions with NSG. If this relates to a non-competitive business product or service, we will deal with such issues on an ad-hoc, case by case basis. 

The Nü Savings Group ('NSG') is a professional organization, as such, to protect our business reputation and any financial risk; we always ensure we avoid conflict of interest. This means our Group and our Group Managing Director, in addition to an introducer, an affiliate, or a business partners.