Fraudstorytelling | Weekly filmtips | May 3, 2022
Title: Ethics Illustrated: How to Avoid Conflicts of Interest
Tagging: #Businessethics, #Financialfraud, #Corruption, #Integrity
A judge who has a personal relationship with one of the parties appearing before them in court but still chooses to preside over the case anyway or an employee that accepts a vacation package as a gift from a vendor, then buys more than what the business needs from the vendor as a “thank you”. In both cases, there is a conflict of interest. One of the cores of corruption can be a conflict of interest. A conflict of interest arises when what is in a person’s best interest is not in the best interest of another person or organization to which that individual owes loyalty. Understanding the various sorts of potential conflicts of interest can support you in preventing them. This USDA video gives tips that coworkers can use instantly to recognize and avoid conflicts of interest, respond appropriately to vendor gifts, and maintain the highest standards of impartiality.
Would you like to become a member of our community?
Sign up via the link: https://lnkd.in/gYSgcue