conflict of interest


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Conflict of interest
This article is about the legal term. For the Darkwell album, see Conflict of Interest (album).For the Yes, Prime Minister episode, see "A Conflict of Interest".For conflict of interest on Wikipedia, see Wikipedia:Conflict of interest. A conflict of interest is a situation in which someone in a position of trust, such as a lawyerinsurance adjuster, a politician, executive or director of a corporation or a medical research scientist or physician, has competing professional or personal interests. Such competing interests can make it difficult to fulfill his or her duties impartially. A conflict of interest exists even if no unethical or improper act results from it. A conflict of interest can create an appearance of impropriety that can undermine confidence in the person, profession, or court system. A conflict can be mitigated by third party verification or third party evaluation noted below—but it still exists.
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The Lectric Law Library DictionaryDownload this dictionary
Conflict Of Interest
Refers to a situation when someone, such as a lawyer or public official, has competing professional or personal obligations or personal or financial interests that would make it difficult to fulfill his duties fairly.

Courtesy of the 'Lectric Law Library.
WordNet 2.0 DictionaryDownload this dictionary
conflict of interest
Noun
1. a situation in which a public official's decisions are influenced by the official's personal interests
(hypernym) situation


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