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Sunday, 7 January 2018

What is meant by "Conflict of Interest"?

  By GK Planet Team       Sunday, 7 January 2018
Q.What is meant by "Conflict of Interest"? 

A. Being interest in many subjects
B. Hobbies interfering in education
C. Least interest in the job taken up or assigned
D. A conflict between the private interest and the official responsibility of a person in a position of trust.

Answer: A conflict between the private interest and the official responsibility of a person in a position of trust.

A conflict of interest (COI) is a situation in which a person or organization is involved in multiple interests, financial or otherwise, one of which could possibly corrupt the motivation or decision-making of that individual or organization.

A conflict of interest is a situation in which a corporation or person with a vested interest in a company becomes unreliable because of the clash between personal interests and professional interests.

A conflict of interest arises in the workplace when an employee has competing interests or loyalties that either is or potentially can be, at odds with each other. 

Conflicts of interest can cause an employee to act out of interests that are divergent from those of his or her employer or co-workers.
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