Conflict of interest

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The Economic Times  Mar 30  Comment 
The bank did not see the need for her to recuse herself from the discussion as Videocon was not an investor in the renewables company floated by Kochhar’s husband.
MarketWatch  Feb 27  Comment 
An ethical misstep by a National Labor Relations Board member has caused the body overseeing union-employer disputes to vacate one of the most significant decisions it made last year.
MedPage Today  Feb 14  Comment 
(MedPage Today) -- Milton Packer, MD, wonders about the validity of an ethical litmus test
Mondo Visione  Feb 7  Comment 
The European Securities and Markets Authority (ESMA) has issued today final guidelines on the management of conflict of interests for central counterparties (CCPs). Under the European Market Infrastructure Regulation (EMIR) CCPs have to...
BBC News  Jan 7  Comment 
Campaigners say the accountancy firm had failed to disclose a conflict of interest.
The Hindu Business Line  Nov 24  Comment 
Vaibhav Dange, Nitin Gadkari’s private secretary, is a promoter of green energy group IFGE
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.




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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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