RA-BR27 Conflicts of Interest
| File Reference : | RA-BR27 Conflicts of Interest |
When I review how an organisation handles conflicts of interest I want to see the situations that can arise set out clearly, from gifts and hospitality through to procurement and board decisions, with how each one is managed.
This example risk assessment has been prepared using the
F-Q36 General Risk Assessment form template - a purpose-built template designed to focus entirely on what matters: identifying business risks, assessing their likelihood and impact, and recording the controls that manage them, without any unnecessary fields getting in the way.
The file is supplied in fully editable MS Word format and can be easily customised and saved to Google Docs format if required. The document uses pre-defined style formatting throughout with styles to match the risk-ratings which are input using select boxes pre-populated with all possible risk ratings. All text is in Calibri font for improved readability.
The following document labelling is included in the footer:
- Form number and title
- Information-classification
- Version
- Page number / total pages
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Conflicts of Interest Business Risk Assessment
This fully completed conflicts of interest business risk assessment example has been prepared by experienced ISO management system consultants. It covers the situations across an organisation where conflicts of interest can arise, including personal and financial interests, gifts and hospitality, relationships and connected parties, procurement and supplier selection, recruitment decisions, and conflicts affecting directors and senior decision-makers. It can be used as a starting point when developing your own business risk assessment documentation.
What Does This Conflicts of Interest Business Risk Assessment Cover?
This risk assessment identifies the key conflicts of interest risks an organisation faces, including:
- Personal and financial interests that can improperly influence the organisation's decisions
- Outside activities, directorships and second jobs that create divided loyalties
- Gifts and hospitality that create, or appear to create, an improper influence over decisions
- Relationships and connections to suppliers, customers or staff
- Conflicts arising in procurement, supplier selection and recruitment decisions
- Conflicts affecting directors, trustees and senior decision-makers
- Failure to disclose, record and actively manage conflicts through registers and oversight
A residual risk rating is then assigned to each risk, demonstrating how effective controls - such as a declarations process, a conflicts of interest register, clear policies on gifts and hospitality, and oversight of procurement and senior decisions - reduce the overall risk to a tolerable level.
A Professional Easy-to-Use Risk Assessment Template
This document uses colour-coded header styles matched to risk ratings, making it quick to read and easy to communicate during team briefings and staff training. A built-in risk rating matrix supports consistent evaluation of likelihood and consequence, and clear risk symbols help communicate each risk at a glance. An inherent and a residual rating are recorded for every risk, so the effect of your controls is easy to demonstrate.
Risk, Control and Prohibition Symbols
Each row in the assessment is tagged with a small symbol so the type of risk, the control that manages it and any prohibition are clear at a glance. The same icon set runs across every alphaZ business risk assessment, which keeps a finished document quick to read and easy to compare. You can read more about them in our blog post on the alphaZ business risk icons.
Who Is This Conflicts of Interest Business Risk Assessment Template Suitable For?
This template is suitable for organisations of any size that want to identify and manage conflicts of interest as part of good governance, and for managers, compliance and governance staff, and consultants who need a clear, ready-made example to adapt. It is equally useful for organisations working towards or maintaining an ISO management system that want to demonstrate conflicts of interest are assessed and controlled.