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Principle of Ethics III, Rule of Ethics B, of the Code specifically prohibits conflicts of professional interest. "Individuals shall avoid engaging in conflicts of interest whereby personal, financial, or other considerations have the potential to influence or compromise professional judgment and objectivity."
Types of conflict of interest and dutyActual conflict of interest:Potential conflict of interest:Perceived conflict of interest:Conflict of duty:Direct interests:Indirect interests:Financial interests:Non-financial interests:
Conflict of interest in the workplace refers to when a staff member takes part in an activity or relationship that benefits them and not their employer. In other words, each party's personal gains are at odds with each other.
Conflict of InterestContractual or legal obligations (to business partners, vendors, employees, employer, etc.)Loyalty to family and friends.Fiduciary duties.Professional duties.Business interests.
The seven most common types of conflict in literature are:Character vs. Character(s)Character vs. Society.Character vs. Nature.Character vs. Technology.Character vs. Supernatural.Character vs. Fate.Character vs. Self.
A conflict of interest code lists the position titles of those employees or officials (designated position) in an organization who are required to provide personal financial information, assigns disclosure categories to these positions, and indicates the types of economic interest which must be reported, such as
Form 700 is the tool used by public officials to disclose their financial interests that may be affected by their public official decisions. This ensures that the public is aware of a public official's financial interests and also reminds the public official of potential conflicts.
Employees must declare any private, financial or other interests of their immediate family (including spouses/partners and children) that they are aware of that could, or could be seen to, influence the decisions or actions they take or the advice they provide in the course of their official duties.
What to Include in a Conflict of Interest Policy: An outline of possible conflicts that could arise in the course of business. Details about disciplinary actions that will be taken if an employee is found to have violated the policy. The procedure for handling potential or actual conflicts.
The 6 Types of Literary ConflictCharacter vs. Self.Character vs. Character.Character vs. Nature.Character vs. Supernatural.Character vs. Technology.Character vs. Society.