What is a ‘Conflict of Interest’?
The term “conflict of interest” refers to situations in which financial interest or other personal consideration may significantly affect or have the reasonable appearance of affecting an investigator’s professional objectivity in the performance or management of research or other sponsored activity.
A conflict of interest arises from an activity or situation in which DND employees or CF members’ private interests inappropriately influence or give the impression of inappropriately influencing their performance or decisions while carrying out their official duties. A conflict of interest may be real, potential or apparent.
The term “conflict of interest” refers to situations in which financial or other personal considerations may directly and significantly affect, or have the appearance of directly and significantly affecting a covered individual’s professional judgment in exercising any UTMB duty or responsibility or in the conducting or reporting of any type of research.
Conflict of interest arises whenever the personal or professional interests of a board member are at odds with the best interests of the nonprofit. Example: A board member performs professional services for an organization or proposes that a relative or friend be considered for a staff position. Such transactions are perfectly acceptable if they benefit the organization and if the board makes any decisions that have the potential for conflict of interest in an objective and informed manner. Even if they do not meet these standards, such transactions are usually not illegal. They are, however, vulnerable to legal challenges and public misunderstanding if mismanaged. Because public confidence is important to most nonprofits, boards should take steps to avoid even the appearance of impropriety. These steps may include: • Adopting a conflict-of-interest policy that provides rules for handling conflicts between board and staff member personal interests and the best interests of the organiza
A “Conflict” is any circumstance or behavior that is inconsistent with or in violation of any provision of the Code. For example, a conflict may occur when outside activities or personal interest interfere with or influence, or appear to interfere with or influence, a member’s ability to objectively perform their job or to act or be perceived as having acted in the best interest of USATF.
