DQ 8 - What are the implications of conflicts of interest...

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What are the implications of conflicts of interest and how do they impact corporations? Using the Sarbanes-Oxley Act of 2002, give an example of a potential conflict of interest that could arise in business, and your recommendation for how that conflict or potential conflict could be resolved. Organizations manage the ethical issues connected with conflicts of interest internally. They expect their employees to act with loyalty to the organization's objectives and interests. Many organizations establish and enforce codes of conduct addressing specific conflicts of interests. Such policies often contain general definitions for conflicts of interest, followed by general expectations stating that employees will not engage in activities that will impede, impair, or conflict with their duties as employees, and will not use the organization's property, products, facilities, confidential information, and other resources for private benefit or for the benefit of another organization. Provisions for periodic disclosure and review of potential conflicts are common. The codes and policies may further provide for procedure to manage conflicts of interest when they do exist. Conflicts can arise from: An employee or someone with a close relationship to the employee has an interest in an entity with which their company does business. An employee or someone with a close relationship to an employee receives
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DQ 8 - What are the implications of conflicts of interest...

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