5
ways to prevent conflicts:
1)
Documented Human Resources Manual that all employees should have access to and
have annual re-affirmations that they have read and understand all policies in
said manual.
2) Written job descriptions and compensation structure for
each position including those in senior management positions.
3) A clearly
defined corporate reporting structure where all employees can report conflicts
to.
4) A clear understanding of all federal and local regulatory guidelines.
5) Management review of internal control procedures at all levels for
cash sensitive positions (inflows and outflows).
©
2005 Nelson Chin.
To
inquire about consulting or speaking engagements, e-mail: Nelson
Chin |
