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leagal

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4 views

Document-3

leagal

Uploaded by

danlinh1507
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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I.

Introduction
1. Definition of Conflict of Interest
I.1. Primary interest refers to the principal goals of the profession or
activity, such as the protection of clients, the health of patients, the
integrity of research, and the duties of public officers.
I.2. Secondary interest includes personal benefit and is not limited to
only financial gain but also such motives as the desire for professional
advancement, or the wish to do favours for family and friends.
I.3. Conflict of Interest: "A conflict of interest is a set of circumstances
that creates a risk that professional judgement or actions regarding a
primary interest will be unduly influenced by a secondary interest."
These secondary interests are not treated as wrong in and of
themselves, but become objectionable when they are believed to have
greater weight than the primary interests. Conflict of interest rules in
the public sphere mainly focus on financial relationships since they
are relatively more objective, fungible , and quantifiable, and usually
involve the political, legal, and medical fields.
2. Importance of avoiding Conflicts of Interest
2.1. Consequences of conflict of interest : Conflicts of interest can lead
to biased decision-making, erode trust, and harm relationships. In
professional settings, they can compromise integrity, legality, and
ethical standards, resulting in legal repercussions, damaged
reputations, and financial losses
2.2. Avoiding conflict of interest: Avoiding conflicts of interest is vital
for maintaining trust, integrity, and fairness in decision-making
processes. It helps uphold ethical standards, prevents bias, and ensures
that actions are based on merit rather than personal gain. By
prioritizing transparency and accountability, organizations can foster a
culture of trust and professionalism while safeguarding against legal
and reputational risks.

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