What is a conflict of interest?
An example of an AI chatbot conversation about conflicts of interest in various contexts.
Can you explain what a conflict of interest is?
A conflict of interest occurs when an individual's personal interests could potentially influence their professional decisions.
Can you give me an example of a conflict of interest?
Sure! For instance, if a lawyer represents two clients with opposing interests, that creates a conflict of interest.
How can conflicts of interest be managed?
They can be managed by disclosing the conflict, recusing oneself from the decision-making process, or implementing policies to mitigate the impact.
What are the consequences of ignoring a conflict of interest?
Ignoring a conflict of interest can lead to legal issues, loss of trust, and damage to one's professional reputation.
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