what is a conflict of interest? please give me an example

A conflict of interest involves a person or entity that has two relationships competing with each other for the person's loyalty. For example, the person might have a loyalty to an employer and also loyalty to a family business. Each of these businesses expects the person to have its best interest first. Thus, the conflict. Conflicts of interest can happen both personally and professionally.

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AbsorbingMan AbsorbingMan · Answer 2 · 2022-04-20T15:01:01+02:00

Conflict of interest is defined as the situation where one's personal interests may not be at best interest of another person to which one owes loyalty.

Conflict of Interest

Conflict of interests arises in a person's life when one is involved in a multiple interests may be financially. Serving one interest will be regarded as serving against the other interest.

It is basically a situation where the interest of two different parties or people are incompatible.

An example of conflict of interest is :

Husband and wife working in the same office and one becomes the boss of the other. In this situation conflict of interest arises at workplaces.

Learn more about "conflict of interest" here :

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