Guides ยท Business
Conflict of Interest Policy Basics
Handle conflicts transparently
This guide covers conflict of interest policies: define what counts as a conflict, require disclosure, set recusal and approval processes, and document decisions to maintain transparency.
- conflict of interest
- policy
- disclosure
- recusal
- governance
Define conflicts
Include financial interests, relationships, gifts, and outside work that could bias decisions.
Require disclosure
Use a simple disclosure form and require updates when circumstances change.
Set recusal rules
Specify when someone must recuse from decisions and who approves exceptions.
Document outcomes
Record disclosures and decisions to keep audits and trust strong.