Summary: <a href="http://complianceandethics.org/wp-content/uploads/2018/08/podcast-graphic-1024x1024.png"></a><br> <a href="http://complianceandethics.org/wp-content/uploads/2015/02/turteltaub-adam-200x200-150x1501.jpg"></a><br> By Adam Turteltaub<br> adam.turteltaub@corporatecompliance.org<br> Conflicts of interests make up a large part of any compliance job, and few spend more time pondering them than <a href="mailto:jkaplan@kaplanwalker.com">Jeff Kaplan</a>, a partner in the law firm of <a href="http://www.kaplanwalker.com/">Kaplan & Walker</a> and the editor of the <a href="http://conflictofinterestblog.com/">Conflict of Interest</a> blog.<br> The most common conflicts, Jeff explains in this podcast, are economic: ownership or employment with customers, competitors and suppliers. But that’s just a part of the challenge. Money borrowed or owed to someone can create a conflict, as well as other personal ties.<br> So how do you manage this tricky risk area that any organization faces? Jeff offers several pieces of advice including:<br> <br> * Think broadly<br> * Conduct a risk assessment<br> * Look to organizational conflicts of interest<br> * Develop clear policies, and think about creating <a href="http://conflictofinterestblog.com/2018/07/frequently-asked-questions-about-conflicts-of-interest.html">FAQs</a>, as well<br> * Plan on regular audits<br> * Be sure to train your workforce to identify conflicts, and don’t forget the board’s potential conflicts<br> * Understand that <a href="http://conflictofinterestblog.com/2018/08/disclosures-two-edged-sword.html">disclosures</a> carry risks of their own<br> * Centralize as much as you possibly can<br> <br> Listen in to learn more (but recognize that I have a conflict of interest when I suggest that you do).<br>
