The steps

  1. List all potential conflicts: family relationships, financial interests, multiple roles for participants
  2. Document each conflict in a register
  3. Develop a management plan per conflict
  4. Ensure participants know about the conflict and consent
  5. Review the register quarterly
  6. Train staff on identifying and declaring new conflicts
  7. Auditors will ask to see this

Common mistakes to avoid

  • Hidden conflicts that emerge in audit
  • Verbal disclosure without documentation
  • Conflicts unmanaged after declaration