What is true about the management of conflicts of interest?

Management plans for conflicts of interest are designed with the understanding that while it is ideal to minimize the impact of conflicts, it may not be possible to completely eliminate them. These plans typically include strategies to manage and mitigate potential bias that could arise from a conflict, rather than aiming to eradicate the conflict itself. This approach acknowledges that many situations can involve inherent conflicts of interest and that transparency, oversight, and procedural adjustments can help to address any associated risks.

The focus on reducing the impact rather than complete elimination allows for practical solutions within the context of research and professional conduct, recognizing that conflicts of interest can be a normal part of professional relationships and decisions.