How to Handle Conflict of Interest?
There are several ways through which a conflict of interest may arise, but how to handle it. The best way to handle obviously is to prevent the conflict and take necessary steps to avoid it. Provide employees the ethical guidelines and tell them about the policies so that it may not happen. But if it does happen, then you must publicly disclose the responsibilities of people. In this way everyone will know what must be the course of action and behind the back talks won’t happen. Everyone will know who is he accountable to and for what he is accountable for. Follow the written procedures regarding your company’s policy about the conflict of interest.