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A conflict of interest can, however, become a legal matter, for example, when an individual tries (and/or succeeds in) influencing the outcome of a decision, for personal benefit. A director or executive of a corporation will be subject to legal liability if a conflict of interest breaches his/her duty of loyalty .
Conflict of interest in the health care industry occurs when the primary goal of protecting and increasing the health of patients comes into conflict with any other secondary goal, especially personal gain to healthcare professionals, and increasing revenue to a healthcare organization from selling health care products and services.
The publishers' interest in maximizing profit will often conflict with academic interests or ethical standards. In the case of closed-access publications, publishers' desire for high subscription income may conflict with an editorial desire for broader access and readership.
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Cognitive conflict is seen as a positive tension that promotes good group work. [15] The following are examples of conflict that could be either intragroup or intergroup conflict. Conflict of interest is involvement in multiple interests which could possibly corrupt the motivation or decision-making. [16]
Jul. 6—A state water quality commissioner has dismissed claims her oil and gas industry ties amount to a conflict of interest in a pending fracking wastewater rule change case after criticism of ...
Elliot Chambers said he committed to two years as secretary of the land office agency, but is stepping down amid conflict-of-interest allegations.
Common examples of this relationship include corporate management (agent) and shareholders (principal), elected officials (agent) and citizens (principal), or brokers (agent) and markets (buyers and sellers, principals). [4] In all these cases, the principal has to be concerned with whether the agent is acting in the best interest of the principal.