Conflicts of interest (COI) require prompt and transparent disclosure, along with documented evidence of the actions taken by HR/Compliance. However, without a structured compliance framework, COI disclosure becomes a procedural task rather than a safeguard against ethical and legal risks.
Failure to implement a structured approach exposes organizations to regulatory scrutiny, reputational damage, and financial penalties. Auditors and regulators expect companies to demonstrate not only that conflicts are disclosed but also that they are reviewed, assessed, and properly managed. This is where ConvergePoint’s Conflict of Interest Disclosure Software plays a critical role—transforming COI compliance from a manual, reactive process to an integrated, automated system within Microsoft 365 SharePoint.