Definition Of Conflict Of Interest

What is a conflict of interest. A conflict of interest occurs when an entity or individual becomes unreliable because of a clash between personal or self serving interests and professional duties or responsibilities. Conflict of interest definition is a conflict between the private interests and the official responsibilities of a person in a position of trust.

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Each of these businesses expects the person to have its best interest first.

Definition of conflict of interest. A conflict of interest involves a person or entity that has two relationships competing with each other for the person s loyalty. For example the person might have a loyalty to an employer and also loyalty to a family business. A situation in which a person has a duty to more than one person or organization but cannot do justice to the actual or potentially adverse interests of both parties.

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