Conflicts of Interest

Consider the readings for this unit and do some of your own research to address the following: One of the constant dilemmas being faced by organizations is dealing with employees’ Conflicts of Interest. Some Conflicts of Interest (COI) are severe enough to require laws to deal with them, others are dealt with more internally through organizational policies. COIs fall into certain categories including, financial, relational, and competitive/confidentiality and others depending on the nature of the organization. For this paper: Pick an organization (public or private) and then choose a particular type of COI that is associated with this type of organization. Locate and describe any laws that are designed to discourage or prevent this type of COI in your country. If there are no laws particular to the type of COI you chose, discuss why this is the case. Locate examples of organizational policies used to also discourage the particular COI and discuss how the main features of the policy around the particular COI. Discuss ways that managers can use both policy and the existing laws in your home country to discourage employees seeking their own interests over that of the employer. In your estimation, do laws and policies help promote ethical behavior? Do you feel that the laws, as they are currently, are sufficient and effective? Finally, suggest ways that the laws and/or policies could be improved to both motivate employees to pursue the interests of their employers, as well as to minimize the costs of employers complying with or enforcing the laws. Submit a written paper which is 3-4 pages in length exclusive of the reference page. The paper should cite sources to support your ideas. Be sure to review the assessment criteria below before beginning your paper.