I recently read a very interesting interview with Dave Smith, EVP of Sales for the GRC software company, Convercent, discussing the damage a company can suffer from conflicts of interest (COIs). Dave cites two studies that highlight the problem, which can be summed up like this:
FACT: COIs are observed often, but reported rarely – COIs are the third most commonly observed type of misconduct, according to the 2013 National Business Ethics Survey (NBES), but only 49 percent of workers who observe COI misconduct are reporting what they see.
