The Conflict of Interest Register is a crucial governance tool designed to help organisations track, manage, and mitigate potential conflicts of interest among board members and other key stakeholders. It ensures transparency, ethical conduct, and risk management by proactively identifying, disclosing, and addressing situations where personal interests or relationships could influence professional decisions.
When enabled, board members are required to complete the register, disclosing any actual or potential conflicts of interest that may arise. This process helps maintain integrity in decision-making and supports compliance with governance standards.
The completed register can be made available to all board members, promoting transparency and fostering trust among stakeholders. This feature is essential for organisations aiming to uphold the highest standards of governance, accountability, and ethical behavior.
Key Benefits
Promotes Transparency & Ethical Governance
The register ensures that potential conflicts of interest are openly disclosed, fostering transparency and maintaining ethical standards within the organisation.
User-Specific Disclosure
Board members, executives, and other relevant stakeholders are required to disclose any actual or potential conflicts of interest, ensuring that all key decision-makers are accountable.
Easy to Use & Update
Each user can easily update their conflict of interest disclosures at any time, ensuring that the register remains current and accurate. This makes it simple for stakeholders to manage and maintain their own disclosures.
Centralised & Efficient Management
All disclosed conflicts are consolidated in a single admin portal, making it easy for administrators to monitor, track, and manage potential conflicts in one place, saving time and reducing administrative overhead.
Supports Ethical Decision-Making
By identifying and addressing conflicts early, the register helps mitigate risks and ensures that decisions are made without undue influence, protecting the integrity of the organisation.
Use Cases
Board Member Disclosures
Board members disclose any potential conflicts of interest (e.g., financial interests, family relationships) before making decisions, ensuring ethical governance and transparent decision-making.
Executive & Stakeholder Compliance
Senior executives and key stakeholders can easily update their conflict of interest status at any time, helping the organisation manage and mitigate potential risks.
Regulatory Compliance
Organisations in regulated industries can use the register to ensure compliance with legal and industry standards, demonstrating their commitment to transparency and ethical conduct.
Mergers & Acquisitions
During mergers or acquisitions, the register helps identify any conflicts among key stakeholders, enabling the company to address potential issues proactively and maintain trust.
Audit & Risk Management
The register provides a central, consolidated view of all conflicts of interest, making it easy for administrators to monitor disclosures, conduct audits, and manage risk.
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