Navigating Conflict of Interest: Understanding, Managing, & Mitigating Risks

Navigating Conflict of Interest: Understanding, Managing, & Mitigating Risks

Thursday, April 25, 2024 (12:00 PM - 1:00 PM) (EDT)

Description

Conflicts of interest are pervasive across various sectors, posing significant challenges to integrity, trust, and ethical standards. This workshop aims to equip participants with the knowledge and strategies necessary to effectively identify, navigate and resolve conflicts of interest in their professional environments. Through interactive discussions and practical exercises, participants will gain insights into identifying, managing, and mitigating conflicts of interest, ultimately fostering a culture of transparency and ethical conduct within their organizations. Learning Objectives: Understanding Conflict of Interest: Participants will gain a comprehensive understanding of what constitutes a conflict of interest, including its various forms (financial, personal, professional, and organizational), through in-depth exploration and analysis of real-world examples. Assessing Consequences: Participants will learn about the potential consequences of conflicts of interest on individuals, organizations, and stakeholders, including reputational damage, repercussions, financial loss, and the undermining of fairness and integrity. Effective Management Strategies: Participants will explore practical strategies for managing conflicts of interest, including disclosure, recusal, establishing policies and procedures, implementing independent oversight mechanisms, and providing training and education to stakeholders. Best Practices Implementation: Participants will identify best practices for organizations in addressing conflicts of interest, including establishing a code of conduct, implementing comprehensive policies and procedures, conducting regular reviews, fostering a culture of transparency, and leading by example from leadership down to all levels of the organization. Application through Discussion & Exercises: Participants will apply their knowledge and skills to analyze interactive discussions and practical exercises of organizations facing conflict of interest issues, critically evaluating their responses and identifying lessons learned for effective conflict management and mitigation.
Thursday, April 25, 2024 (12:00 PM - 1:00 PM) (EDT)
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