Question

 

1) DEFINE SIMPLY CONFLICT OF INTEREST WITH TWO EXAMPLES

2) DEFINE TYPES OF CONFLICT OF INTEREST WITH TWO EXAMPLES OF EACH ( EXAMPLES SHOULD BE FROM ENGINEERING)

3) GIVE POINTS OR METHODS TO OVERCOME OR RESOLVE CONFLICT OF INTEREST

4) GIVE A GRAND EXAMPLE OF ENGINEERING THAT INVOLVES ALL TYPES OF CONFLICT OF INTERESTS

Answer 1

1)Conflict of Interest means a Situation in which decision made by any official/executive can result in personal benefit to him/her !!

Example:

1)An executive in a panel that is taking interview to recruit executive son or his relatives

2)A judge hearing case in which his brother is being charged of theft

2)The 2 Types can be broadly classified as follows:

A) Financial Confilct of Intrest : In which someone gets financial benefits out of his decesions made

Example:

1)Engineer sharing product design and classified details with media or publishers to derive some financial benefit

2)Engineer being bribed to buy products from a Agent who is his friend

B) Personal Conflict of Intrest/Nepotism :In which someone favours his personal relatives and friends through his executed decisions

Example:

1)Engineer selecting his brother as supervisor in his firm

2) Engineer in promotion committee that is judging his friend promotion status

3)Overcoming of Conflict of interest can be done by ensuring :

1)Beaware of your own personal biases if any such situation arise try to avoid it and stay neutral in making decisions

2)Do not allow any relative or friend judging or making decisions regarding employment or benefit for his corresponding relative or friend by ensuring proper background checks before making such persons part of any panel !!

3)Stay honest with your decisions and honest with ethical rules of your organisation

4)example:

John is son of Jack . Sam is a HR executive and another executive lara is close friend of Jack . Now in a recruitment for a supervisor post in Jack's engineering firm he wants his son to apply . So , for his son to get that post he bribes SAM (financial conflict of interest on behalf of Sam) . Sam and lara then ensures his friend's son get selected (personal conflict of interest on behalf of Lara )