Managing a Conflict of Interest
Some tips may help in managing a conflict of interest. As an owner/manager, draft a conflict of interest policy and have employees sign it. Human Resource Department must oversee the policy as they know the employee related issues. The policy must be precise, relative to the each and every individual it applies to. Some case studies should be implemented. It must include a clarification as to why the conduct is improper with practical examples. It must also explain in detail that how employees should disclose potential conflicts of interests.