Researchers and staff are often faced with competing demands
on time and responsibilities. A "Conflict of Interest" occurs when an
individual has the opportunity to use his or her position for personal
financial gain or to benefit a company in which the individual has a financial
interest.
A “Conflict of Commitment” exists when an employee's outside
activities demand their time and attention to the point where it interferes
with the individual’s responsibilities. It may also occur when a researcher participates
in competing obligations such as: working on another project, investing time in
a new grant application, mentoring or peer review.
Conflicts of interests or commitments may not always be a
concern; rather, the way in which the conflict is managed makes all of the
difference. Researchers are expected to be transparent about how their time is
spent and report any interests that may cause a potential conflict. By
doing so, objective parties can review the nature of the disclosures and
determine if any actions are required to remove the appearance of a
conflict. Transparency of information combined with performance of due
diligence helps protect all parties from any possible negative future
actions.
Some organizations manage this process via paper which is
very ineffective and opens them up to unnecessary risks and errors. Forward
thinking organizations have implemented software solutions to manage and
simplify their process while protecting themselves from undue consequences.
What are the benefits managing this process with COI
software?
- Easy to use and deploy
- Reduces risk and costs
- Improves organizational
effectiveness
How does it work?
- Automatically identifies
potential conflicts
- Improves participant
compliance levels
- Automates disclosure and
review process
- Keeps an audit trail of
actions
COI RiskManager:
Disclose, Review, Report, Resolve.
- 30 day implementation
- No long term contracts
- 100% client retention
- Outstanding customer
service
Contact Michael Vidoni for a demo: Phone 518-203-3995 or michael.vidoni@ospreysoftware.com
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