Conflict Of Interest


Conflict Of Interest
A situation where a professional, or a corporation, has a vested interest which may make them an unreliable source. The interest could be money, status, knowledge or reputation for example. When such a situation arises, the party is usually asked to remove themselves, and it is often legally required of them.

An example of a conflict of interest would be a board member voting on the induction of lower premiums for companies with fleet vehicles when he is the owner of a tow truck company outside of the corporation. In relation to law, representation by a party with a vested interest in the outcome of the trial would be considered conflict of interest, and the representation would not be allowed.


Investment dictionary. . 2012.

Look at other dictionaries:

  • conflict of interest — con·flict of interest / kän ˌflikt / 1: a conflict between the private interests and the official or professional responsibilities of a person in a position of trust 2: a conflict between competing duties (as in an attorney s representation of… …   Law dictionary

  • conflict of interest — ˌconflict of ˈinterest noun conflicts of interest PLURALFORM [countable, uncountable] LAW a situation in which you cannot do your job fairly because you have the power to decide something in a way that would be to your advantage, although this… …   Financial and business terms

  • conflict of interest — n. a conflict between one s obligation to the public good and one s self interest, as in the case of a public officeholder who owns stock in a company seeking government contracts …   English World dictionary

  • conflict of interest — The circumstance of a person who finds that one of his activities, interests, etc. may have a contrary interest on another of his interests or activities. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • Conflict of interest — For other uses, see Conflict of Interest (disambiguation). A conflict of interest (COI) occurs when an individual or organization is involved in multiple interests, one of which could possibly corrupt the motivation for an act in the other. A… …   Wikipedia

  • conflict of interest — noun a situation in which a public official s decisions are influenced by the official s personal interests • Hypernyms: ↑situation * * * : a conflict between the private interests and the official responsibilities of a person in a position of… …   Useful english dictionary

  • conflict of interest — Term used in connection with public officials and fiduciaries and their relationship to matters of private interest or gain to them. Ethical problems connected therewith are covered by statutes in most jurisdictions and by federal statutes on the …   Black's law dictionary

  • conflict of interest — Term used in connection with public officials and fiduciaries and their relationship to matters of private interest or gain to them. Ethical problems connected therewith are covered by statutes in most jurisdictions and by federal statutes on the …   Black's law dictionary

  • Conflict of Interest (EP) — Infobox Album Name = Conflict of Interest Type = ep Artist = Darkwell Released = Start date|2002|11|05 Recorded = ?? Genre = Gothic metal Length = 32:21 Label = Napalm Producer = ?? Reviews = ?? Last album = Suspiria (2000) This album = Conflict… …   Wikipedia

  • conflict of interest — An incompatibility between an individual’s rights and responsibilities. *Rewards gained by an individual from a conflict of interest are generally regarded as unethical, and they may also breach legislation or Regulations. For example, an… …   Auditor's dictionary