A conflict of interest is a situation in which an individual has competing interests or loyalties conflicts of interest involve dual relationships one person in a position in one relationship and a relationship in another situation a conflict of interest can exist in many different situations.
Span classnews_dtoct 06 2011spannbsp018332best answer conflict of interest is difficult to define yet many people think they know it when they see it the legal definition of conflict of interest usually set out in state laws governing nonprofit corporations is very specific and covers relatively few situations.
Conflicts of interest are difficult to describe in a definition so the following additional examples will illuminate the range of behaviors and actions that can fall within the definition of conflicts of interest.
Conflict of interest a term used to describe the situation in which a public official or fiduciary who contrary to the obligation and absolute duty to act for the benefit of the public or a designated individual exploits the relationship for personal benefit typically pecuniary.
To avoid a conflict of interest or appearance of a conflict of interest the definition of relationships which is covered by this policy should be interpreted very broadly in considering whether a relationship falls within this policy all employees are urged to disclose the facts if.
Dealing with a conflict of interest in either of these ways through removal of the conflict or through avoidance of the conflict addresses all three of the problems previously mentioned the possibility of clouded judgment the possibility that an officer may be led.
conflict of interest definition is a conflict between the private interests and the official responsibilities of a person in a position of trust a conflict between the private interests and the official responsibilities of a person in a position of trust.
Span classnews_dtjun 14 2008spannbsp018332yahoo answers sign in mail poll what is your definition of a conflict of interest so poll cause im getting confused from christians conflicting statements dating conflict of interest help answer questions do black kids have any manners do you do charity work and if so do you do it for the right reasons.
A personal conflict of interest is a situation where a persons private interests such as outside professional relationships or personal financial assets interfere or may be perceived to interfere with hisher performance of official duties.