Disclosure of business relationships and close personal affiliations

In examining business relationships and engagements, the advisor must examine external contractual relationships, partnerships, private companies or any other commercial trading activity.

In examining close personal affiliations, the advisor must (for each project team member and supporting managers) examine direct relationships with parents, children and siblings, other financial dependants, spouses, de-facto partners, and any other known close relatives, in-laws or people with whom a current or recent close relationship could potentially compromise the interests of the project. Normal acquaintances with work colleagues can be excluded. Where other affiliations, outside the project team and supporting managers, are known within the firm, these should also be disclosed.