How can I prevent conflicts of interest in my business?
To prevent conflicts of interest, establish clear policies, provide training, and encourage transparency among employees.
What specific policies should I implement?
Consider implementing a code of ethics, disclosure requirements, and a process for reporting potential conflicts.
How often should I review these policies?
It's advisable to review your policies annually or whenever there are significant changes in your business operations.
Can you give me an example of a conflict of interest?
Sure! An example is when an employee has a financial interest in a company that competes with your business.
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