CONFLICT OF INTEREST: GUIDE TO ETHICAL DECISION MAKING

Conflicts of interest can arise in various situations, such as when personal interests clash with professional responsibilities.

Such conflicts can lead to ethical dilemmas and compromise the integrity of individuals and organizations.

Ethical decision making involves identifying and evaluating the conflicting interests and choosing a course of action that upholds ethical principles.

Transparency and disclosure are essential in managing conflicts of interest, as they help to build trust and credibility.

Organizations can establish policies and procedures to prevent and manage conflicts of interest, such as codes of conduct and conflict of interest disclosure forms.

Individuals can also take steps to avoid conflicts of interest, such as recusing themselves from decision making or seeking guidance from a neutral party.

By following ethical principles and taking proactive measures, individuals and organizations can navigate conflicts of interest and maintain their integrity.