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1. Dictionary

   Con·flict of in·ter·est

   noun

   • 1. a situation in which the concerns or aims of two different parties are incompatible: "the conflict of interest between elected officials and corporate lobbyists"
   • ▪ a situation in which a person is in a position to derive personal benefit from actions or decisions made in their official capacity: "Watson quit his job after questions about a possible conflict of interest"

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2. People also ask

   What are the most common types of conflict of interest?

   • Self-dealing is the most common type of conflict of interest in the business world. It occurs when a management-level professional accepts a transaction from another organization that benefits the manager and harms the company or the company's clients. Gift issuance is also a very common conflict of interest.

   Conflict of Interest Explained: Types and Examples - Investopedia

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

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   What should I do if I have a conflict of interest?

   • Remove yourself. You may find yourself in a situation in which you have competing loyalties. If this is the case, speak to your supervisor about removing yourself from the situation to avoid a conflict of interest. Decline when necessary. It might be necessary for you to decline a position or assignment that could put you in a conflict of interest.

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

   www.indeed.com/career-advice/career-development/conflict-of-interest

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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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   What is a conflict of interest?

   • It occurs when a management-level professional accepts a transaction from another organization that benefits the manager and harms the company or the company's clients. Gift issuance is also a very common conflict of interest. It happens when a corporate manager or officer accepts a gift from a client or a similar type of person.

   Conflict of Interest Explained: Types and Examples - Investopedia

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

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

   www.investopedia.com › c › conflict-of-interest

   • Cached

   Dec 22, 2023 · A conflict of interest occurs when personal or self-serving interests clash with professional duties or responsibilities. Learn about the common types, causes, and consequences of conflicts of interest in business, law, and finance.

   • Author: Troy Segal

   • Video Duration: 1 min

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

   letranlaw.com › insights › conflict-of-interest

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   Aug 17, 2023 · Learn what a conflict of interest is, how it can affect individuals and organizations, and what steps to take to prevent and manage it. See common examples of conflicts of interest and the consequences they can cause.

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

   www.merriam-webster.com › dictionary › conflict of

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   May 14, 2024 · Learn the meaning of conflict of interest, a phrase that describes a situation where a person's private interests and official duties conflict. See how to use it in a sentence and explore its legal and word history.

6. en.wikipedia.org › wiki › Conflict_of_interestConflict of interest - Wikipedia

   en.wikipedia.org › wiki › Conflict_of_interest

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   A conflict of interest is a set of conditions in which professional judgment concerning a primary interest (such as a patient's welfare or the validity of research) tends to be unduly influenced by a secondary interest (such as financial gain).

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

   www.indeed.com › conflict-of-interest

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   Mar 10, 2023 · Learn what a conflict of interest is, how it can affect your career and how to avoid it. Find out the common types of conflicts of interest, such as self-dealing, nepotism and insider trading, and see examples of each.

8. dictionary.cambridge.org › conflict-of-interestCONFLICT OF INTEREST - Cambridge English Dictionary

   dictionary.cambridge.org › conflict-of-interest

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   Learn the meaning of conflict of interest, a phrase that describes a situation in which someone's private interests are opposed to their responsibilities to others. See how to use it in different contexts and domains, such as law, business, and politics.

9. ethicsunwrapped.utexas.edu › conflict-of-interestConflict of Interest - Ethics Unwrapped

   ethicsunwrapped.utexas.edu › conflict-of-interest

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   Learn what conflict of interest means and how it relates to ethics and loyalty. See examples of situations where a person's interest conflicts with another's duty or obligation.