What are the consequences of not disclosing a conflict?
An example of an AI chatbot conversation about the risks of not revealing conflicts of interest.
What happens if I don't disclose a conflict of interest?
Not disclosing a conflict of interest can lead to legal repercussions, loss of trust, and damage to your reputation.
Can you give me an example of a conflict of interest?
Sure! An example would be if a board member of a company has a financial stake in a competing business.
What should I do if I realize I have a conflict?
You should disclose it to the relevant parties immediately and follow your organization's guidelines for managing conflicts.
Are there any legal consequences for not disclosing?
Yes, failing to disclose can result in legal action, including fines or other penalties, depending on the situation.
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