Examples of Risky Conflicts of Interests and Nepotism
Course Video Preview
Accepting a gift from a client in exchange for a favor.Course Description
This conflict of interest course covers some of the most common examples of conflicts of interest, as well as some instances in which the conflict of interest may not be so obvious. We equip managers and HR professionals with the tools to prevent and address conflicts of interest. The training also addresses common misconceptions around conflicts of interest. Interactive polling questions in the course give employers real insight into how employees feel about the concepts and culture skills presented. Emtrain’s innovative Ask the Expert feature gives learners direct access to course experts.Key Concepts
- What conflicts of interest are and how they can influence decision-making and reputation.
- How even the perception of a conflict of interest can hurt the trust and reputation of the people involved.
- Common conflicts of interest related to personal ties, financial interests, and outside activities.
- Practical guidance - particularly to those who may assume that a conflict of interest automatically means they’ve done something wrong.
- Through live action video workplace scenes that show your employees how these issues can be raised and often easily resolved.
Course Features
- Access to our Anonymous Ask the Expert tool
- Rich video scenarios based on real-world events
- Built-in employee sentiment surveys
- 50+ Machine Translation Options
- Optional program timer
- Policy acknowledgement tool
- Extensive customization options
Lessons
Making Clear Decisions
What Are Conflicts of Interest?
Common Issues
How Do People Get Off Track?
How to Handle Conflicts of Interest
Policies and Reporting
Post-Program Survey
Relevant Courses
Complementary Microlessons
Recommended Resources
From ‘Ask the Expert’
Emtrain’s Ask the Expert feature enables users to ask questions about compliance, bias, harassment, and diversity & inclusion as they come up. It’s all confidential, and answers are sent straight to their inbox. View some of the example questions below and see the Experts answers.
Q
What is considered a conflict of interest in the workplace?
Thanks for asking. A conflict of interest happens when an employee’s personal interests could interfere with their job responsibilities. Examples include hiring a relative, accepting gifts from vendors, or having financial stakes in a competitor. Even the appearance of a conflict can be a problem.
Q
Can employees have side jobs without creating a conflict of interest?
Good question. Side jobs are usually fine as long as they don’t overlap with your company’s business, compete for customers, or affect your performance. If there’s any chance of overlap, it’s best to disclose it so management can decide if it’s a concern.
Q
How should I disclose a personal relationship with a vendor?
The right move is transparency. Most companies have a policy or form for disclosing these relationships. If not, let your manager or HR know directly. Disclosing doesn’t always mean you can’t work with that vendor, but it allows safeguards to be put in place.
Q
What’s the difference between a potential conflict and an actual conflict of interest?
A potential conflict is when a situation could create divided loyalties, like interviewing a friend for a job. An actual conflict is when personal interests are directly influencing decisions, like awarding business to a company you secretly own. Both should be disclosed.
Q
How do financial interests in suppliers or clients create compliance risks?
If an employee owns shares or has a financial stake in a company they also deal with through work, it may cloud judgment. Decisions might appear biased, even if they aren’t. That can damage trust and expose the company to legal or reputational risk.
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