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By definition, a "conflict of interest" occurs if, within a particular decision-making context, an individual is subject to two coexisting interests that are in direct conflict with each other. Such a matter is of importance because under such circumstances the decision-making process can be disrupted or compromised in a manner that affects the ...
More generally, a beneficial interest is any "interest of value, worth, or use in property one does not own", for example, "the interest that a beneficiary of a trust has in the trust". [2] More specifically, it could be: "A property interest that inures solely to the benefit of the owner", or; Property that "remains of an estate after the ...
Section 8.60 of the Model Business Corporation Act [9] states there is a conflict of interest when the director knows that at the time of a commitment that he or a related person is 1) a party to the transaction or 2) has a beneficial financial interest in the transaction that the interest and exercises his influence to the detriment of the ...
Recusal is the legal process by which a judge, juror, or other adjudicator steps aside from participating in a case due to potential bias, conflict of interest, or appearance of impropriety. This practice is fundamental to ensuring fairness and impartiality in legal proceedings, preserving the integrity of the judiciary , and maintaining public ...
In trust law, a constructive trust is an equitable remedy imposed by a court to benefit a party that has been wrongfully deprived of its rights due to either a person obtaining or holding a legal property right which they should not possess due to unjust enrichment or interference, or due to a breach of fiduciary duty, which is intercausative with unjust enrichment and/or property interference.
Conflicts of interest increase the likelihood of biases arising; they can harm the quality of research and the public good (even if disclosed). [3] Conflicts of interest can involve research sponsors, authors, journals, journal staff, publishers, and peer reviewers.
A savings account is also a good place for money you plan to use soon. High-yield money market account. This has all the same benefits of a high-yield savings account but with a debit card and ...
Someone having a conflict of interest is a description of a situation, not a judgment about that person's opinions, integrity, or good faith. COI editing is strongly discouraged on Wikipedia. It undermines public confidence and risks causing public embarrassment to the individuals and companies being promoted.