Conflicts of Interest:
An individual has two or more desires that all interests cannot
be satisfied given the circumstances.
Professional Conflicts of Interest are
situations where professionals have an interest, if pursued, could
keep them from meeting one of their obligations to their
employers.
Types of
conflicts of Interest:
- Actual Conflicts of interest - loss of objectivity in decision
making and inability to faithfully discharge professional duties to
employer.
- Potential conflicts of interest - may corrupt professional
judgement in the future, if not in the present.
- Apparent conflicts of interest - there are situations in which
there is the appearance of a conflict of interest
When does a conflict of interest arise :
- Not conflicting interest
- Person in a position requiring exercise of judgement
- Special interests that might interfere with the exercise of
that judgement
- Financial interests
- Family connections
- Prior relationships
Why does conflicts of interestmay seem
unethical?
Ethical concerns raised by conflict of interest
- potential bias
- perceived deception
- loss of trust
Appearance of a conflict of interest
What can you about a conflict of interest?
- Recusal
- Disclosure
- Management
Example for conflict of interest:
- In The Lion King movie, Simba has an external conflict with his
uncle Scar, but he also has an internal conflict as he works
through his guilt over his father's death.
- In the Harry Potter, Harry's main conflict is with Voldemort
and those who are working for him.