Conflict of interest

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The Hindu Business Line  Nov 24  Comment 
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MarketWatch  Nov 2  Comment 
In a letter, the Senator raised questions about Navient’s recent acquisition of Earnest
Forbes  Oct 27  Comment 
Formula One’s regulator advised its members in a letter “to refuse to comment” on media inquiries about a potential conflict of interest in the $4.6 billion sale of the auto racing series.
Mondo Visione  Aug 28  Comment 
In its response to the ESMA consultation on conflicts of interest management, ECC raised the importance of exchanging best practices between central counterparties (CCPs), as well as   ensuring there is a consistent implementation across CCPs....
The Economic Times  Aug 27  Comment 
The committee expressed its concerns about the "ad hocism" in the constitution of the committee and also about the criteria adopted by the environment ministry.
Mondo Visione  Aug 25  Comment 
The European Securities and Markets Authority (ESMA) has published today the responses received to its Consultation on guidelines on CCPs conflict of interest management. To view the responses, please click the button...
The Hindu Business Line  Aug 7  Comment 
Board has cleared accounting firm’s ex-chief Deepak Kapoor as independent director
The Hindu Business Line  Aug 3  Comment 
Yet another roadblock to the bourse’s consent application in co-location case
The Hindu Business Line  Aug 2  Comment 
Anand Sinha, former Deputy Governor of RBI, is yet another member of SEBI’s High Powered Advisory Committee (HPAC), who may be kept away from hearing the matter relating to a consent application fil...




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Conflict of interest

Occurs when a person is involved in multiple interests, one of which could possibly corrupt the motivation of the other. A conflict may be encountered or discovered when someone gives advice to one person, while working for another, who also gets revenue from the same person. The client is struck once by the manager, and again by his boss. [1]

It was a conflict of interest, when Doctors got paid by selling drugs to patients. This lead to pharmacists dispensing chemicals, instead of Doctors who are today paid by fees.

An example of someone who may have a built in conflict would be a Doctor who worked for a drug company, or a mutual fund manager who was owned by a broker. A broker owned mutual fund can churn an investment portfolio, turning investors profits into brokerage fees. The stockbroker must service his clientele at the same time taking orders from his boss, who benefits from increased trading.

From 15c to strike together, be in conflict. Phrase conflict of interest was in use by 1743. [2]

References

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