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Major conflicts of interest could include, but are not restricted to, salaries and perks, misappropriation of company assets, self-dealing, appropriating corporate opportunities, insider trading, and neglecting board work.
Effective strategies for managing conflicts of interest include disclosure and transparency, recusal, separation of duties, seeking independent advice, and having a code of conduct.
Examples of non-financial conflicts of interest include: Gifts (eg, drugs, equipment, tools, software) Access to data repositories. Holding a position on boards. Close relationships with editors at the journal. Competing interests (eg, personal, political, religious, academic)
The types of conflict of interest include romantic or relational, financial, competitive, and confidential conflict of interests. They all involve individuals engaging in activities that lead to personal gain at the expense of the organizations they work for.
Performing evaluative research for a company in which the investigator has a financial interest. Accepting a paid consultancy with a company having an interest in your research. Using students to perform services for a company in which you have a financial interest.