Conflicts of Interest (“COIs”) are among the thorniest issues that organizations and ethics and compliance (“E&C”) professionals face.
These are the opening words of ECI’s latest resource created by its benchmarking group. The 40-page guide goes into details about how to define, prevent, identify, and deal with all types of COIs. Every E&C professional should have a copy at hand.
My typical conversation with an employee about a COI starts like this:
– Employee: “Do you a 2 minutes to discuss this potential conflict?”
– Me: “Do you have 30?”
COI questions are the “bread and butter” for most E&C professionals. Sadly, they are not the easiest to answer.
This guide can help.