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Dec 22, 2023 · A conflict of interest occurs when an entity or individual becomes unreliable because of a clash between personal (or self-serving) interests and professional duties or responsibilities.
Apr 20, 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.
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).
a situation in which someone cannot make a fair decision because they will be affected by the result: declare a conflict of interest I need to declare a conflict of interest here - one of the candidates for the job is a friend of mine. For a state employee to work on a political campaign like this is a 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.
a situation in which someone cannot make a fair decision because they will be affected by the result: declare a conflict of interest I need to declare a conflict of interest here - one of the candidates for the job is a friend of mine. For a state employee to work on a political campaign like this is a conflict of interest.
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.
