Conflict of Interest

Overview/Description
 This course is aimed at informing employees about conflicts of interest: what they are, how to avoid them, and what to do when one arises. A conflict of interest can be revealed if an employee has an existing or potential interest, financial or nonfinancial, that may impair his judgment when performing job-related duties. However, an employee can make decisions that appear to result from a conflict of interest, not by having an interest that conflicts with his duties but by simply not realizing the implications of his actions or how others might view his actions. Furthermore, it can be difficult to determine the real intentions of employees whose conduct is called into question when a conflict of interest arises. Therefore, it is critical for your managers and executives to understand what a conflict of interest is so they can ensure that effective, fair, and legal practices are followed when making or reviewing business decisions. This course will enable you to identify potential conflicts of interest and develop a policy to help your employees understand how to avoid, manage, and resolve conflicts of interest. SkillSoft's Legal Compliance courses are developed and maintained with subject matter support provided by the Labor, Employment, and Employee Benefits Law Group of the law firm of Sheehan Phinney Bass + Green PA.

Target Audience
 All employees who have involvement with any outside interests, people, activities, or organizations that could constitute a conflict of interest with their own company

Expected Duration
1.5

Lesson Objectives:

Recognizing a Conflict of Interest

  • identify the definition of the term "conflict of interest."
  • identify examples of situations that present potential conflicts of interest.
  • recognize the benefits of identifying activities that constitute a conflict of interest.
  • identify key features in the regulation of and advising on conflicts of interest.
  • identify criteria used to determine whether a conflict of interest exists.
  • recognize the potential impact that conflicts of interest may have on relationships with suppliers.
  • recognize the potential impact that conflicts of interest may have on relationships with customers.
  • identify elements of a code of conduct for dealing with suppliers designed to prevent conflicts of interest.
  • identify elements of a code of conduct for dealing with customers designed to prevent conflicts of interest.

    • Avoiding and Dealing with Conflicts of Interest

  • match stages used to create a culture where leadership is provided in relation to conflicts of interest with examples of each stage.
  • identify examples of typical components of a policy on conflicts of interest.
  • recognize the benefits of having a policy on conflicts of interest.
  • identify elements of procedures for disclosing, investigating and resolving an actual or potential conflict of interest.
  • identify the benefits of disclosing a conflict of interest.


    • Course Number: LCO0105