Essays on Conflict of Interest Essay

Download full paperFile format: .doc, available for editing

The paper "Conflict of Interest" is an outstanding example of a business essay.   The establishment of independent entities usually comes with the development of rules and regulations that govern them. For instance, businesses like companies are always run suing sets of rules and regulations as envisaged in the vision and mission statements that have the goals and objectives of these companies. Within these very important rules and regulations are underlined rules in what can be referred to as company policies that define the expected modus operandi as governed by the envisaged code of conduct.

More often than not, companies will insist that individuals working for them cannot transact or engage in businesses that are actually in the same line with that of the company they work for. If such a thing were to happen, then an individual would be sad to be carrying out activities that conflict with the interests of the company. It is prudent to note that this would mean that the individual’ s interests are in conflict with those of the company since what they are doing appear to be similar to what competing entities do to businesses. The competitive nature of businesses does not allow them to work with people who may harbor ambitions that seem to conflict with the company’ s goals.

Even more obvious is the fact that such employees cannot be allowed to run similar businesses using separate entities, but expect to do it with full awareness of their employers. According to Davis and Stark (2001), such employees are always let off and may be taken to court, especially when they are suspected to infringe on such aspects as the copyrighted material of the employing entity.

To prevent such breaches of contract, employees are made to sign nondisclosure agreements. In a broader outlook, conflict of interest usually has a lot to do with running private concerns in a public office in such a way that the public office is seen to be abused and not attended to in the manner and respect it needs to be accorded. For instance, Pathranakul (2005) states that when government officers extend their influence earned from positions they hold in public office and use it to their advantage, then a conflict of interest is said to take place.

In law, this may well be registered as abuse of office, an offense which is punishable by court of law. In such an instance, the first issue is the aforementioned abuse of office, which, as has been intimated, could lead to a person serving a jail term as punishment, or even paying some form of a fine. They may also lose the said position since they can be found guilty of abusing the powers entrusted to them by the organization.

Abuse of office entails using public resources for personal use or even allocating some of it to close relatives and friends in an irregular manner that is void of merit. Morally, this is wrong since public officers are supposed to distribute public resources equally and only to the deserving people. Their close friends and relatives should not benefit over others just because they are related to him in some way or the other.

Bibliography

Bekelman, J.E., Li, Y. and Gross, C.P., 2003. Scope and impact of financial conflicts of interest in biomedical research: a systematic review. Jama, 289(4), pp.454-465.

Burdick, J.F., 1993. Potential conflicts of interest generated by the use of non-heart-beating cadavers. Kennedy Institute of Ethics Journal, 3(2), pp.199-202.

Davis, M. and Stark, A., 2001. Conflict of Interest in the Professions.

De Freitas, J., Haque, O.S., Bursztajn, H.J., Cosgrove, L., Gopal, A.A., Paul, R., Shuv-Ami, I. and Wolfman, S., 2013. The ethics of pharmaceutical industry influence in medicine. UNESCO.

Field, M.J. and Lo, B. eds., 2009. Conflict of interest in medical research, education, and practice. National Academies Press.

Field, M.J. and Lo, B. eds., 2009. Conflict of interest in medical research, education, and practice. National Academies Press.

Nelson DK., 2002. Conflict of Interest: Researchers in Amdur and Bankert ed. Institutional Review Board: Management and Function: Sudbury, MA, pp.197-203.

Pathranarakul, P., 2005. Conflict of interest: an ethical issue in public and private management. Associate Dean for Planning and Development, School of Public Administration, National Institute of Development Administration, Banguecoque. ADB/OECD Anti-Corruption Initiative for Asia and the Pacific, 5, pp.28-30.

Thagard, P., 2007. The moral psychology of conflicts of interest: Insights from affective neuroscience. Journal of Applied Philosophy, 24(4), pp.367-380.

Download full paperFile format: .doc, available for editing
Contact Us