Am I allowed to own shares in other companies?

Yes, normally you are, but you are expected to act in good faith in representing your employer's interests. In particular, you are expected to be honest in your dealings on behalf of your employer, and not to profit from your position or from information that you personally have access to, or are aware of as a result of your job.

Having shares in other companies would really only present problems if it led to a conflict of interest. Consider whether your employer might subsequently argue that, for example, pursuit of personal financial gain meant you did not put its interests first.

Note: This content is provided as general background information and should not be taken as legal advice or financial advice for your particular situation. Make sure to get individual advice on your case from your union, a source on our free help page or an independent financial advisor before taking any action.