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1. biz.libretexts.org · Courses · Lumen_Learning15.7: Conflict of Interest - Business LibreTexts

   biz.libretexts.org · Courses · Lumen_Learning

   

   A conflict of interest (COI) is an ethical challenge that occurs when an individual or organization is involved in multiple interests that are at odds with one another. COI is especially problematic in situations involving someone in a position of trust—e.g., a doctor or lawyer—who has competing professional or personal interests.

2. academic.oup.com · edited-volume · 28237Conflicts of Interest | The Oxford Handbook of Business ...

   academic.oup.com · edited-volume · 28237

   

   Contemporary philosophical debates over the definition of “conflict of interest” in business ethics can be traced to a 1982 article by Michael Davis, titled simply “Conflict of Interest.”

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4. mailchimp.com · conflict-of-interest-in-businessConflict of Interest in Business: Understanding the Risks ...

   mailchimp.com · conflict-of-interest-in-business

   

   In this article, we'll teach you everything you need to know about conflicts of interest, including the types of conflict of interest in business ethics and how to avoid them.

5. ethicsunwrapped.utexas.edu · conflict-of-interestConflict of Interest - Ethics Unwrapped

   ethicsunwrapped.utexas.edu · conflict-of-interest

   

   A conflict of interest arises when what is in a person’s best interest is not in the best interest of another person or organization to which that individual owes loyalty. For example, an employee may simultaneously help himself but hurt his employer by taking a bribe to purchase inferior goods for his company’s use.

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7. pressbooks.library.torontomu.ca · cebe · chapterConflict of Interest – The Concise Encyclopedia of Business ...

   pressbooks.library.torontomu.ca · cebe · chapter

   

   A conflict of interest is a situation in which a person has a private or personal interest sufficient to appear to influence the objective exercise of his or her official duties as, say, a public official, an employee, or a professional.

8. link.springer.com · article · 10Conflicts of interest | Journal of Business Ethics - Springer

   link.springer.com · article · 10

   

   I argue that a very large class of cases not ordinarily regarded as conflicts of interest should be so regarded. Conflicts of interest are an integral feature of many professional relationships and do not (as is often supposed) require the existence of “external” financial or personal relationships.

9. People also ask

   What is a conflict of interest in business ethics?

   • A conflict of interest in business ethics is when an individual has a conflict with another employee or the business as a whole. For instance, a business may have a conflict of interest when leaders hire family members or friends instead of more qualified candidates.

   Conflict of Interest in Business: Understanding the Risks - Mailchimp

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   Should you disclose a conflict of interest in your business?

   • While disclosure doesn't always benefit both parties, transparency can foster more trust among employers and employees. While it's impossible to catch every conflict of interest in business, you should conduct regular reviews to ensure employees adhere to your business's code of ethics.

   Conflict of Interest in Business: Understanding the Risks - Mailchimp

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   Is being in a conflict of interest unethical?

   • Many people get this wrong, especially when discussing conflict of interest in the public sphere. It is common, for example, for politicians to accuse each other of conflict of interest. But there is nothing unethical about being in a conflict of interest. Being in a conflict of interest can happen to you through no fault of your own.

   Conflict of Interest – The Concise Encyclopedia of Business Ethics

   pressbooks.library.torontomu.ca/cebe/chapter/conflict-of-interest/

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   What is an example of a conflict of interest in business?

   • Another conflict of interest in business example is when an employee takes on a second job, which impacts their performance at work, or when a business owner uses company funds for personal expenses. In any case, these conflicts lead to personal gain for one party and potential loss for another.

   Conflict of Interest in Business: Understanding the Risks - Mailchimp

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10. openstax.org · 2-1-understanding-business-ethics2.1 Understanding Business Ethics - Introduction to Business ...

    openstax.org · 2-1-understanding-business-ethics

    

    Ethics is a set of moral standards for judging whether something is right or wrong. The first step in understanding business ethics is learning to recognize an ethical issue. An ethical issue is a situation where someone must choose between a set of actions that may be ethical or unethical.