conflict of interest

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conflict of interest

A situation that presents the possibility of having to choose which side in a transaction will receive the better service, deal, terms, or representation.The conflict may be choosing between two other parties,such as an agent attempting to represent both buyer and seller in a particular transaction,or it may be between the party and another,such as a real estate broker wishing to purchase property listed with that same broker.Rules regarding handling conflicts of interest generally provide a solution through full disclosure to all parties involved or withdrawal from the situation entirely.

References in periodicals archive ?
Police officers face many of the same conflict-of-interest problems as judges.
The authors surveyed 181 editors of peer-reviewed science and medical journals with conflict-of-interest policies in effect during 1997.
The third level of conflict-of-interest violation is violation of conflict of interest guidelines without a real conflict having occurred.
More than three-quarters of not-for-profit organizations say they have a conflict-of-interest policy, according to the 4th annual Grant Thornton LLP National Board Governance Survey for Not-for-Profit Organizations.
Bone who had been granted an FDA conflict-of-interest "waiver"?
When taxpayers must start repaying $6 billion in loans and interest, when conflict-of-interest scandals and tales of morally bankrupt human experimentation come to the fore - and as unrealistically high public expectations go unmet - the champagne dreams of big business, academia and special interests may well fall flat.
LANCASTER - Campaign-sign vandalism, anonymous fliers and conflict-of-interest accusations are normal components of Antelope Valley Hospital board elections.
When the National Institutes of Health unveiled strict conflict-of-interest rules for its employees last February, cries of both protest and support could be heard well beyond its headquarters in Bethesda, Md.
We were put through an extremely thorough conflict-of-interest review,'' said Ward Benshoof, an attorney at McClintock.
Bowman, CFA, president and CEO of the Association for Investment Management and Research, emphasized today that existing conflict-of-interest disclosure guidelines in AIMR's Code of Ethics and Standards of Professional Conduct cover all situations - including media interviews - in which AIMR members make investment recommendations to clients or the public.
Claiming the conflict-of-interest law has paralyzed the board, members said they want to cut the number of votes necessary to pass a motion as a way of circumventing the rule's intent.
FileFlow's Client/Matter Intake and Conflict Management process enables organizations, particularly service firms, to automate the procedure for adding new clients/matters and performing a comprehensive conflict-of-interest search across a range of databases.