
Standards for waivers of conflicts of interest
While some organizations bar conflicts of interest in all cases, many opt for allowing COIs to exist where appropriate. But how should appropriate be defined for these purposes?
by Adam Balfour
Our coffee machine recently provided a few good reminders for ethics and compliance and HR professionals:
1. Good things (such as espresso) can come from appropriate amounts of pressure.
2. Pressure is something that can, and should, be measured and monitored.
3. Excessive pressure is not good (for people or coffee machines).
Organizations needs to understand what pressures people are under, what they are being pressured to do, what the consequences are of those pressures and whether it is healthy for the organizational culture. Pressure is not inherently bad, but it needs to be carefully monitored and managed.
Thankfully no coffee machines were harmed in the making of this post…
While some organizations bar conflicts of interest in all cases, many opt for allowing COIs to exist where appropriate. But how should appropriate be defined for these purposes?
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