conflicts of interest

Conflicts of interest occur when a person or organization has multiple reasons or loyalties that could influence their decision-making, potentially leading them to favor one interest over another. For example, a financial advisor recommending investments that benefit themselves financially rather than what’s best for the client. These situations can compromise objectivity, honesty, or fairness. Recognizing conflicts of interest is important to maintain trust and integrity, ensuring decisions are made based on genuine merit and ethical considerations rather than personal gain. Transparency and disclosure are key strategies for managing and mitigating such conflicts.