conflict of interest

(redirected from Conflict of interests)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms.

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 ?
If a financial incentive is involved, which is often the case, a financial conflict of interests may be generated.
An example of non-financial conflict of interests affecting psychiatric research is given by the possible conflict between the secondary interest represented by the researcher's allegiance to a given school of thought and the primary interest represented by the progress of science (3).
An example of non-financial conflict of interests affecting psychiatric practice is given by the possible conflict between the secondary interest represented by a psychiatrist's political commitment and the primary interest represented by patients' welfare (3).
Industry sponsorship and financial conflict of interest in the reporting of clinical trials in psychiatry.
Provincial involvement in municipal conflict of interest has often been reactive, mostly in response to scandals.
The Court also took the liberty of observing that the Act dated from 1946 while the province of Ontario had adopted conflict of interest provisions in 1972.
The criticism of the Supreme Court of Canada had a significant impact and soon thereafter, the Municipalities Act was amended to provide the current conflict of interest provisions for local governance.
The principle behind this conflict of interest legislation is that a businessman or a person who might do business with the municipality can be elected as a member of a council and still do business with the council.
A conflict of interest is when one's actual or imputed interest compromises or appears to compromise one's ability to impartially perform one's duty.
NSF requires awardee institutions to have a conflict of interest policy in place for its investigators as described in NSF Grant Policy Manual (GPM) section 510.
NSF will not review a proposal of an institution employing more than 50 people, unless the institution's Authorized Organizational Representative (AOR) signs a conflict of interest certification form.
Although the institution did have an individual designated to review financial disclosures and evaluate conflict of interest issues, no one submitted disclosures, thus violating the requirement that "the Institutional policy must include adequate enforcement mechanisms, and provide for sanctions where appropriate.

Full browser ?