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   What does conflict of interest mean?

   • Get Word of the Day daily email! The meaning of CONFLICT OF INTEREST is a conflict between the private interests and the official responsibilities of a person in a position of trust. How to use conflict of interest in a sentence.

   Conflict of interest Definition & Meaning - Merriam-Webster

   www.merriam-webster.com/dictionary/conflict of interest

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   What is an example of a conflict of interest?

   • Such a conflict occurs when a company or person has a vested interest —such as money, status, knowledge, relationships, or reputation—which puts into question whether their actions, judgment, or decision-making can be unbiased. Some examples of a conflict of interest could be:

   Conflict of Interest Explained: Types and Examples - Investopedia

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   What happens if a conflict of interest occurs?

   • When a conflict of interest occurs, the person or team can't perform their duties appropriately because it could mean betraying their interests to one of the parties within the situation. When such a situation arises, it's often a legal requirement for the primary party to remove themselves.

   Conflict of Interest: Definition, Examples and Tips | Indeed.com

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   What are the legal ramifications of a conflict of interest?

   • Conflicts of interest often have legal ramifications. A conflict of interest in business normally refers to a situation in which an individual's personal interests conflict with the professional interests owed to their employer or the company in which they are invested.

   Conflict of Interest Explained: Types and Examples - Investopedia

   www.investopedia.com/terms/c/conflict-of-interest.asp

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2. www.investopedia.com › c › conflict-of-interestConflict of Interest Explained: Types and Examples - Investopedia

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   Dec 22, 2023 · Some examples of a conflict of interest could be: Representing a family member in court. Starting a business that competes with your full-time employer. Advising a client to invest in a...

   • Author: Troy Segal

   • Video Duration: 1 min

3. www.indeed.com › conflict-of-interestConflict of Interest: Definition, Examples and Tips | Indeed.com

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   Mar 10, 2023 · Key takeaways: A conflict of interest is a situation in which an entity has competing responsibilities or interests. In business, a conflict of interest arises when a person's personal interests conflict with their professional obligations. Conflicts of interest often have legal consequences.

4. letranlaw.com › insights › conflict-of-interestWhat is Conflict of Interest? Examples & Best Practices

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   Aug 17, 2023 · What is a conflict of interest? A conflict of interest is a scenario in which the interests of an individual holding a position of authority, power, or their favored relatives have the potential to, or do, inappropriately influence the execution of their duties and responsibilities.

5. Videos

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     investopedia.com

     Conflict of Interest Explained: Types and Examples

     Dec 31, 2008

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     5:21

     youtube.com

     Conflict of Interest | Concepts Unwrapped

     Feb 19, 2019

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     ethicsunwrapped.utexas.edu

     Conflict of Interest - Ethics Unwrapped

     Feb 24, 2017

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6. legaldictionary.net › conflict-of-interestConflict of Interest - Definition, Examples, Cases, Processes

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   Nov 7, 2018 · For example, a conflict of interest would arise if one law firm tried to represent both parties in a divorce case. This problem is typically found in the medical and political worlds, in addition to the legal world. To explore this concept, consider the following conflict of interest definition. Definition of Conflict of interest. Noun.

7. ca.indeed.com › what-is-conflict-of-interestWhat Is a Conflict of Interest? (Definition and Examples)

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   Nov 11, 2022 · Definition, Overview, and Examples Examples of conflicts of interest at work To better understand what a conflict of interest at work is, consider these 20 examples of conflicts of interest: a manager hires their children to fill roles they aren't qualified for without considering other candidates

8. www.merriam-webster.com › dictionary › conflict ofConflict of interest Definition & Meaning - Merriam-Webster

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   May 14, 2024 · The meaning of CONFLICT OF INTEREST is a conflict between the private interests and the official responsibilities of a person in a position of trust. How to use conflict of interest in a sentence.

9. www.masterclass.com › articles › conflict-ofConflict of Interest Defined: 5 Conflict of Interest Examples

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   Jan 21, 2022 · Conflict of Interest Defined: 5 Conflict of Interest Examples. Conflicts of interest arise when people use their professional or financial relationships for personal gain. These instances can crop up in corporate settings, nonprofits, public offices, and businesses alike.