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Conflict_of_interest

Conflict_of_interest - Fiduciary Involving or founded upon...

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Fiduciary Involving, or founded upon, trust or confidence Fiduciary relationship When one person places confidence, faith, and reliance in another whose aid, advice, or protection is sought in some matter. The relation existing when one is required to act at all times for the sole benefit and interests of another.
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Conflict of interest A conflict between the private interests and the official (fiduciary) responsibilities or duties of a person in a position of trust. A situation where the incentive and potential exist for an individual in a position of trust to violate that trust in order to advance their personal interests.
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Strategies for dealing with conflicts of interest Three strategies are typically used to reduce problems arising from conflicts of interest: Eliminate it Disclose it Manage it
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1. Eliminate Conflict of Interest The easiest way to avoid adverse consequences of conflicts of interest is by eliminating them in the first place: By design
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