From a compliance and risk management perspective, conflicts of interest (COI) disclosure require both prompt and clear disclosure, along with documented evidence of appropriate action taken by HR/Compliance once the disclosure has been made.
The likelihood that your employees face significant conflicts of interest in the performance of their assigned roles is usually assumed to vary dramatically from industry to industry. In practice, it is the type of COI that most often varies. Senior executives
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When employees are asked to disclose conflicts of interest (COI’s) in orientation or refresher training, or receive regular email requests from HR or Compliance, the ease with which such enquiries are dismissed can be quite alarming.
Section 6002 of the Affordable Care Act (ACA) of 2010 – also known as the Physician Payments Sunshine Act (PPSA) – requires all manufacturers of drugs, medical devices and biologicals that participate in US federal healthcare programs
For most organizations, managing conflicts of interest (COI’s) is systematized through the use of established protocols. A combination of new employee orientation and ongoing refresher training ensures the potential harm of undisclosed
Homegrown conflict of interest policiesoften read like a shopping list of every scenario the company failed to consider in the prior versions of the policy. The fact that both the appearance of and the potential for abuse, irrespective
When 105 medical residents were asked if gifts from a pharmaceutical company could sway their behavior or opinion of that company, 60% said no. To this same group of medical residents, a second question was asked – what about their peers?
Conflict of interest (COI) disclosure operates on a trust system. New hire orientation training and occasional refresher training sessions bring up the issue and request the submission of disclosure forms with no real sense of how many
The term conflict of interest (COI) may seem very straightforward to HR and compliance specialists, but for the employees who are required to submit COI disclosure forms, the definition may not be so clear. If your new hire orientation
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
Read and share this flyer, which provides a quick overview of ConvergePoint’s Conflict of Interest (COI) Disclosure Software, built on Microsoft SharePoint.