Does Checkers have a Conflict of Interest Policy regarding officers and employees using their position for personal gain?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
None of our officers own an interest in any privately-held suppliers, or a material interest in any publicly-held suppliers, of the Checkers or Rally's franchise systems. From time to time, our officers may own non-material interests in publicly-held companies that may be suppliers (or have subsidiaries that may be suppliers) to Restaurants; however, we have an internal "Conflict of Interest Policy" that prohibits officers and employees from using our property, position, or information for improper and unusual personal gain.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 39–44)
What This Means (2025 FDD)
According to Checkers's 2025 Franchise Disclosure Document, Checkers has a Conflict of Interest Policy. The FDD states that none of Checkers's officers own an interest in any privately-held suppliers, or a material interest in any publicly-held suppliers, of the Checkers franchise system. However, officers may own non-material interests in publicly-held companies that may be suppliers to restaurants.
To address potential conflicts of interest, Checkers maintains an internal "Conflict of Interest Policy." This policy explicitly prohibits officers and employees from exploiting Checkers's property, position, or information for personal gain that is considered improper or unusual.
This policy is designed to ensure that decisions made by Checkers's officers and employees are in the best interest of the franchise system and not influenced by personal financial interests. This is a fairly standard practice in franchising to maintain transparency and trust within the organization.