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 ?
Managing conflicts of interest is a fundamental part of good governance, and LOCs in particular have become far more focused in this area.
The intent is that allegations of failure to declare conflicts of interest must be taken seriously by journals.
In this socio-demographic landscape, avoidance of conflicts of interest in municipal governments is critical for two reasons.
Directors who hold positions on the boards of two competing companies are likely to face conflicts of interest regularly.
After surveying practices in the Defense Department, GAO said, "No departmentwide or FAR policy obliges DOD offices using contractor employees to require that they be free from personal conflicts of interest.
Trustee boards are advised to agree, document and regularly review a policy managing conflicts of interest which should be reviewed by the scheme's legal advisers.
In light of increasing sensitivity to the conduct of directors, officers, and management, here is a closer look at conflicts of interest.
Industry consolidation and soaring levels of contractor participation in the blended workforce have increased the occurrence of organizational conflicts of interest.
We used a coding frame analysis to examine the media coverage of conflicts of interest in clinical trials of herbal remedies.
The guidances will revise and expand upon FDA's 2000 guidance document concerning the management of conflicts of interest for panel members, Gottlieb said.
Lucy Okumu, the district's director of external affairs and administration, denied any potential lobbying conflicts of interest.
research organization, the quasi-governmental National Academies, is beset by conflicts of interest, according to a July report by the Washington, D.