Course description

This 15-minute Avoiding of Conflicts of Interest 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 to consider when choosing the most effective conflict of interest training

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, a truly enjoyable learning experience, and courses with continuous compliance you can trust.

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

Traliant provides an inclusive experience for all users, including those with disabilities, by going beyond Section 508-C standards and offering WCAG 2.1/2.2 AA.

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

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

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.

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.

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.

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.

Frequently asked questions

What is conflict of interest training, and why is it important?
  • 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.
Why should you train your employees on conflicts of interest?
  • 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.
What are some common examples of conflicts of interest?
  • 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.
What are the consequences of failing to manage conflicts of interest?
  • 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.
Can conflicts of interest potentially undermine the principles and goals outlined in your code of conduct?
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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