Challenged by new federal regulatory bodies and legislation, including the FTC, FCPA, and SEC, HR and compliance managers realize not disclosing and taking action on potential conflicts of interest puts their employees and organization at risk of facing penalties for non-compliance. Conflicts of interest can prove costly for every organization, and can cause irreparable damage to their overall reputation.
ConvergePoint notices the need for a better conflict of interest platform for compliance managers. Fortunately, our Conflict of Management Software on Microsoft SharePoint helps organizations educate employees about the compliance concerns of certain types of relationships and provides greater transparency during the disclosure process. Identifying and cultivating all of the relevant information about these relationships can minimize any future conflicts and avoid issues with regulatory bodies.