What is a conflict of interest?
An example of an AI chatbot conversation about conflicts of interest in various contexts.
What is a conflict of interest?
A conflict of interest occurs when an individual's personal interests could potentially influence their professional actions.
Can you give me an example of a conflict of interest?
Sure! For instance, if a doctor has a financial stake in a pharmaceutical company, their recommendations might be biased.
How can conflicts of interest be managed?
Conflicts of interest can be managed through transparency, disclosure, and establishing clear policies to mitigate risks.
What are the consequences of not addressing conflicts of interest?
Failing to address conflicts of interest can lead to legal issues, loss of trust, and damage to an organization's reputation.
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