It is important for every organisation to develop effective conflicts of interests management systems. But, how do you know if your systems are good enough? One thing you can do is to benchmark your systems and processes against the maturity matrix below.
Take a step back and use the content of the course to make a frank appraisal of where your current systems stand.
Then think about how you can drive improvements to become more mature and effective in the management of conflicts of interests. You should aim for at least level 4 (managed) in all six domains
Finally you should think about how you communicate your new and improved systems, and set expectations for compliance to develop a culture of good governance when it comes to conflicts of interests.
________________________________________________________________________________________________
________________________________________________________________________________________________
How the Maturity Matrix Works
The matrix covers six core areas within the field of conflicts of interests:
-
the declaration of interests
-
making decisions on declared interests
-
training
-
tackling fraud and bribery
-
managing conflicts of interests
-
assurance of your systems and processes
It then sets out five levels of maturity from “initial” – low levels of maturity – to “optimised” – the highest level. You can benchmark yourself against each domain by seeing which part of the matrix most closely describes your current position.
Finally, to improve, you can look at the descriptors of higher maturity in an domain and think about what you can do to achieve that level of maturity in that domain.
Naturally you should focus on those domains where you score the lowest.
________________________________________________________________________________________________
Sign Up Here:
________________________________________________________________________________________________
Download the Conflicts of Interests Maturity Matrix Here
Get your own editable copy of the matrix absolutely free direct to your inbox:
________________________________________________________________________________________________
Gain the practical skills you need to identify and manage conflicts of interests with this five-star rated training course.
Available in person, online or in-house the focus on practical skills and unique post-course support you get by learning with us will ensure you and your organisation can tackle this key governance activity with confidence.
________________________________________________________________________________________________