A Conflict of Interest (COI) occurs when there is a deviation between an individual’s private interests and their professional duties and obligations.
In other words, A conflict of interest may be defined as a circumstance where a person or organization is concerned about other aspects or interests. Interests might be personal, business-related, financial, or other that could deteriorate workplace ethics.
Conflicts of interest can arise in any organizational, business, professional, or even social environment when two parties have conflicting interests and both have the possibility of material gain (e.g., money, resources) or lacks thereof, resulting from the outcome of the interaction.
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