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Establish, implement, and maintain a conflict of interest policy.


CONTROL ID
14785
CONTROL TYPE
Establish/Maintain Documentation
CLASSIFICATION
Preventive

SUPPORTING AND SUPPORTED CONTROLS



This Control directly supports the implied Control(s):
  • Human Resources management, CC ID: 00763

This Control has the following implementation support Control(s):
  • Include definitions of conflicts of interest in the conflict of interest policy., CC ID: 14792
  • Include roles and responsibilities in the conflict of interest policy., CC ID: 14790


SELECTED AUTHORITY DOCUMENTS COMPLIED WITH



  • Procedures for the identification, assessment, management, and mitigation of potential relevant conflicts of interest. (Table 4 Column 2 Row 1 Bullet 5, SS2/21 Outsourcing and third party risk management, March 2021)
  • In allocating responsibility for compliance management, consideration should be given to ensuring that the compliance function has no conflict of interest and has demonstrated: (§ 5.3.4 ¶ 3, ISO 19600:2014, Compliance Management Systems - Guidelines, 2014-12-15, Reviewed and confirmed in 2018)