C&E risk action plans for mitigating COIs

Risk assessment is, of course, the foundation for effective compliance measures generally – and various prior posts describe what should be included in conflict of interest risk assessment.  One of the keys to mitigating identified conflicts risks is through the appointment of a subject matter expert, as discussed here.

A risk action plan is a tool for  having SMEs identify and help to address C&E risks. In a post earlier this week on the Corporate Compliance Insights web site,  I discuss four practice pointers for success in designing and implementing such plans. While not focused on any one type of risk, I think the approach in the CCI piece could be particularly useful to mitigating COI (as well as other) risks in some organizations, given how diffuse COI risks often are in businesses.