Conflict of interest: What is a conflict of

What is a conflict of interest? A conflict of interest occurs when an individual's personal interests clash with their professional duties, leading to biased decisions, unethical actions, or harm to an organisation’s integrity. In the workplace, these conflicts can damage trust, skew decision-making, and lead to unfair practices. Whether it's favouring friends or relatives, benefiting financially from decisions, or engaging in activities that compete with company goals, conflicts of ... Guide to Conflict of Interest and its Meaning. Here, we explain the concept with examples, its types, and how to avoid it. A conflict of interests occurs when an individual’s personal interests clash with their professional duties and responsibilities. This situation can lead to biased decisions that may not be in the best interest of the organization or other stakeholders. Recognizing and managing conflicts of interest is crucial for maintaining integrity, trust, and transparency in both business […] ABSTRACT Conflict of interest is a concept that arises when individuals or entities involved in business face situations where their personal interests or relationships could potentially compromise their objectivity, judgment, or loyalty. This abstract aims to provide an overview of the concept of conflict of interest, its ethical implications, and its significance in the business world. The presence of a conflict of interest can cast doubt on the integrity of decision-making processes ...