Avoiding Conflicts of Interest Training

Help your employees identify and disclose conflicts of interest to reinforce your policies and build an ethical work culture.

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    Course description

    This 15-minute course introduces managers and employees to the basic concepts related to conflicts of interest. Learners gain an understanding of what conflicts of interest are, why they must be avoided, common circumstances that can create potential conflicts of interest, and what to do when faced with a possible conflict of interest.

    ONLINE TRAINING

    Avoiding Conflicts of Interest

    The course covers these topics and more:

    • What is a conflict of interest
    • Types of conflicts of interest
      • Familial Conflicts
      • Personal Conflicts
      • Outside Employment
      • Interfering Activities
      • Outside Activities
      • Competing Business
    • What is a conflict of interest

    THE TRALIANT DIFFERENCE

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    Meaningful impact

    We don’t just deliver brilliant training, we help you create meaningful impact by broadening your employees' perspectives, achieving compliance and elevating culture.

    KEY FEATURES

    Why you'll love our training

    It’s time to embrace a new era of online training with a valued partner who will ensure seamless implementation to fit your exact, a truly enjoyable learning experience and courses with continuous compliance you can trust.

    Compliance expertise

    Traliant's in-hour legal expertise ensures training is accurate and kept up-to-date with any regulatory changes.

    Accessible to users with disabilities

    Traliant provides an inclusive experience for all users, including those with disabilities, by going beyond Section 508-C standards and offering WCAG 2.1 AA.

    Story-based learning

    Our story-based approach blends leading instructional design with Hollywood talent to produce engaging, interactive and nuanced training.

    Course administration

    Traliant makes it simple to roll out training to your workplace and provide technical support directly to your employees at no additional cost.

    Course customizations

    Tailor courses to include your logo, relevant policies, workplace images, and more. Traliant can even customize the course with scenarios that take place in your own workplace environment.

    Translations

    Training is available in English, Spanish and is supported in over 100 languages.

    COMPLIANCE EXPERTISE

    Your partner in training compliance

    Uniquely qualified in-house compliance team

    Our exceptional in-house Compliance Advisory Team is led by Michael Johnson, Chief Strategy Officer and former U.S. Department of Justice attorney who has provided training and guidance to organizations like the Equal Employment Opportunity Commission, Google, the United Nations, and the World Bank.

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    Keeping you compliant, effortlessly

    Keeping up with the complex web of employment laws — especially if your workforce spans multiple states — can be tricky. That’s why we offer a streamlined training solution that ensures you stay compliant with federal, state, and local regulations, so you can focus on what matters most: your team.

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    Simplifying your policies and handbooks

    Crafting an employee handbook that meets legal standards can be daunting. Let us ease the burden. We help you navigate regulatory changes to ensure your policies and handbooks not only comply with the law but also reflect industry best practices.

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    What to consider when choosing the most effective conflict of interest training

    A conflict of interest occurs when an employee or an organization has competing loyalties or interests that could affect their work decisions. In other words, it arises when an individual has to choose between doing what's best for themselves and doing what's best for the company. Conflict of interest training is designed to help employees understand the nature of conflicts of interest, how they can arise in the workplace, and how to identify, manage, and disclose potential or actual conflicts. It's essential for organizations because it helps to:
    • Protect the company's reputation: Conflicts of interest can erode trust in a company, damaging its reputation and relationships with customers, partners, and investors.
    • Ensure ethical decision-making: Training helps to ensure that employees make decisions based on what is best for the company, rather than their own personal gain.
    • Minimize legal risks: Conflicts of interest can lead to legal issues and penalties, especially in regulated industries.

    Conflict of interest training is crucial for creating a strong culture of ethics and compliance within your organization. It helps to:
    • Empower employees: Training provides employees with the knowledge and confidence to recognize potential conflicts of interest, disclose them appropriately, and make ethical decisions.
    • Strengthen your compliance program: A comprehensive conflict of interest training program is an essential component of a robust compliance program.
    • Build a culture of trust: A culture of transparency and integrity is essential for a successful business. Training helps to promote that culture by raising awareness of potential conflicts and encouraging employees to speak up.

    Conflicts of interest can arise in many situations. Some common examples include:
    • Personal relationships: An employee who is asked to hire a close friend or relative, or who uses their position to benefit a family member.
    • Financial interests: An employee who invests in a company that is a competitor to their employer, or who accepts gifts or favors from a vendor.
    • Outside activities: An employee who uses company resources or time for personal projects or activities.

    See Traliant’s article: Do your employees know how to spot a conflict of interest in the workplace?

    Even the appearance of a conflict of interest can harm an organization's reputation and integrity. It can create a perception of bias, favoritism, or corruption, damaging trust in the organization. Failure to manage conflicts of interest can have serious consequences, including:
    • Legal penalties: Companies can face fines and other penalties for violating laws related to conflict of interest, such as the FCPA or SEC regulations.
    • Loss of trust and reputation: Conflicts of interest can damage the trust between a company and its stakeholders, including employees, customers, and investors.
    • Ethical issues: Conflicts of interest can raise ethical concerns about fairness and transparency, undermining the integrity of the company's operations.

    When individuals have personal interests that could influence their professional judgment, they may make decisions that favor their own interests over the best interests of the organization. This can lead to compromised objectivity, erosion of trust, and legal and financial risks.

    This is why it's important to build conflicts of interest into your code of conduct training

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