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What Is A Conflict Of Interest?

   A conflict of interest occurs when an individual or organization (such as a lawyer, insurance adjuster, politician, engineer, executive, director of a corporation, medical research scientist, physician, writer, editor, or an individual or organization cited as a source) has an interest that might compromise their reliability. A conflict of interest exists even if no improper act results from it, and can create an appearance of impropriety that can undermine confidence in the conflicted individual or organization. A conflict can be mitigated by third party verification or third party evaluation noted below - but it still exists.

   Conflicts of interest are not limited to professionals. For example, a purchasing manager of an organization has a duty to perform their work with loyalty to that employer, thus choosing sellers who offer the best products at the lowest prices, but might be tempted to have the organization buy, from the manager's sibling, products that are not as good or as cheap.

   From Wikipedia, the free encyclopedia

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