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- Dictionaryconflict of interest
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"
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2 days ago · A conflict of interest occurs when an entity or individual becomes unreliable because of a clash between personal interests and professional duties or responsibilities. When such a situation...
Mar 10, 2023 · 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.
a situation in which someone cannot make a fair decision because they will be personally affected by the result: The mayor is himself involved in local businesses and has been accused of a conflict of interest.
A conflict of interest (COI) is a situation in which a person or organization is involved in multiple interests, financial or otherwise, and serving one interest could involve working against another.
Aug 17, 2023 · 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.
Jan 21, 2022 · 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. Learn more about what makes for a conflict of interest and how to stop them from happening.
Sep 26, 2018 · This situation is known as a conflict of interest -- and it occurs when a person or organization has an obligation to more than one person or organization and cannot act in the best interests of both parties. The definition doesn’t stop there.
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 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.
Nov 11, 2022 · A conflict of interest at work happens when your personal interests interfere with your professional interests. It can occur when your activities or relationships at work benefit you but not your employer or negatively affect your colleagues.
