Jeff Kaplan on Conflicts of Interest [Podcast]

Compliance Perspectives show

Summary: <a href=""></a><br> <a href=""></a><br> By Adam Turteltaub<br><br> Conflicts of interests make up a large part of any compliance job, and few spend more time pondering them than <a href="">Jeff Kaplan</a>, a partner in the law firm of <a href="">Kaplan &amp; Walker</a> and the editor of the <a href="">Conflict of Interest</a> blog.<br> The most common conflicts, Jeff explains in this podcast, are economic:  ownership or employment with customers, competitors and suppliers.  But that’s just a part of the challenge.  Money borrowed or owed to someone can create a conflict, as well as other personal ties.<br> So how do you manage this tricky risk area that any organization faces?  Jeff offers several pieces of advice including:<br> <br> * Think broadly<br> * Conduct a risk assessment<br> * Look to organizational conflicts of interest<br> * Develop clear policies, and think about creating <a href="">FAQs</a>, as well<br> * Plan on regular audits<br> * Be sure to train your workforce to identify conflicts, and don’t forget the board’s potential conflicts<br> * Understand that <a href="">disclosures</a> carry risks of their own<br> * Centralize as much as you possibly can<br> <br> Listen in to learn more (but recognize that I have a conflict of interest when I suggest that you do).<br>