Managing conflicts of interest involves several strategies:
Clear Policies: Establish clear policies outlining what constitutes a conflict of interest and the consequences for failing to disclose them. Transparency: Encourage transparency in decision-making processes to ensure that all actions are above board. Third-party Reviews: Use third-party reviews for decisions that could be perceived as conflicts of interest, such as contract awards or hiring decisions. Separation of Duties: Implement checks and balances by separating duties among different individuals to prevent any one person from having too much control.