Conflict Of Interest Free Essay Example, 1000 words

Conflict Of Interest Conflict of interest is basically referred to disagreements on certain issues. This conflict occurs when there is any kind of divergence between interests of the people. It may occur due to any financial, personal or official issue. Where ever there is a choice between two interests that is the point where conflict arises. Suppose if an employer has recently employed his wife on a job then there will be conflicts while giving promotions, bonuses and he would definitely not fire his wife for a poor performance. The biasness he will show at that point will give rise to conflicts. Moreover, an example may be, if there is some kind of affection between the boss and the employee and as a result the boss gives advantage to that specific employee. In this process unintentionally or intentionally other employees will suffer and this is what conflict of interests is all about. Now there are actually two types of conflicts; potential conflicts and actual conflicts. The potential conflict occurs when there is a divergence between the personal and professional interests of an individual. We will write a custom essay sample on Conflict Of Interest or any topic specifically for you Only $17.96 $11.86/pageorder now The above examples are potential conflict based. The actual conflict depends on the situation not on the actions of the individuals. Nowadays actual conflicts are not as common as potential conflicts are. Potential conflict can be considered as a red flag, which means that the person involved in the conflict must be careful with whatever he is doing before it turns out to transform into an actual conflict. As the potential conflict can take the shape of an actual conflict that is why the officials should remain vigilant and they should keep a keen eye on whatever is happening in the organization (Campbell and Keith, 122-126). Conflict of interest has always been an indicator of moral wrongness. Moral wrongness refers to the act of doing something that is morally wrong. It is prohibited and prevented at all cost but if it happens then the consequences are devastating. There are two reasons on the basis of which conflict of interest are considered as an indicator of moral wrongness; 1. If a person who is involved in the conflict of interest does not know what he is doing, this negligent behavior has an adverse effect on the people he is being biased for and for those whom he is not being bias as well. This is morally wrong because every employee should be treated equally according to his rank and any kind of biasness among the employees will be considered morally wrong.