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Self-disclosure can root out conflicts of interest

Joe Mont | May 30, 2018

The modern workplace, like life itself, grows more complex by the day. Conflicts—big and small—abound. The trick, in a corporate setting, is to acknowledge and separate private lives from a conflict of interest.

This was just one of the many observations presented during a panel discussion, “Managing Conflicts Through Disclosure,” at the Compliance Week 2018 conference, held earlier this month in Washington D.C.

“Most organizations are now faced with conflicts of interest,” said Katie Smith, executive vice president and chief ethics and compliance officer for Convercent, a leading provider of ethics and compliance software, who moderated the panel.

Drawing out those various conflicts, and promoting the notion that self-disclosure is in everyone’s best interest, is easier said than done.

There are, for starters, resource constraints, Smith said. “Many of us are really challenged with getting the information you need for your organization.”

“We tend...

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