What does this phrase meam "Conflect of interest".?

Question

Can you make a good sentence out of it,whereas I will benifit from your help. please do me a favor by correcting the question it self for me

Answer 1

The phrase is "conflict of interest" and simply put - it means that if you have a direct connection with something or someone and your thoughts and actions are contrary or detrimental to either your life or the lives of those around you- it creates a conflict of interest.

eg:
My wife is on the payroll of the company where I am a member of the board. I cannot therefore be a part of the discussion process of her salary.

Because the husband has a direct interest in his wife's salary - he can't be a part of the discussion of it as his opinion may be seen as swaying the Board of Directors in favour of an increase in salary.

Answer 2

While working as a security officer for Jones Security Company, I was not allowed to take a part-time job with any other security company. That would have been a "conflict of interest", meaning, where would my loyalties lie? I could only be employed by one security company at a time. That's not the case in many other industries however.

A judge might remove himself from a case in court if one of the lawyers is his or her cousin, or somehow a family member. That's considered a conflict of interest. It means it's possible the judge's ability to preside fairly could be affected by matters other than the case.

Answer 3

I think you mean "conflict of interest".

A conflict of interest occurs when a person who is part of the decision making process has a business or personal relationship with another person or business about whom the decision is being made.

Further, there is actual conflict of interest and apparent conflict of interest. For example, if you are part of a group deciding which law firm to hire to represent your company, and you a personal financial interest in it or have a family member who does so, you have a conflict of interest and must recuse yourself (take yourself out of the discussion and decision process). If you have a family member who has had a similar relationship with that law firm in the past, some might feel that you have an apparent conflict of interest. It's also prudent under those circumstances to recuse yourself.

I've sat on enough (volunteer) boards of directors to be more than aware of this one.

Answer 4

Let see. "The lawyer was about to represent her, but there was a conflict of interest since the client was also his wife." Hope this will work. It means that 2 or more parties can not get along in some points or business due a lack of a relationship among them like family bonds.

Answer 5

What does the phrase "conflict of interest" mean?

It means that your interests are not necessarily good for anyone but yourself. For instance, you have a crush on someone and that person doesn't know you exist, but asks you about his/her latest fling and wants your opinion of the person. You do not want this person liking someone else so with your best interests in mind (rather than the object of your affection's) you tell him/her that the new fling is a jerk, a waste of time, a two-timer, and anything else you can think of to interfere with the relationship. That is a conflict of interest because you have not got the right person's interests in mind, only your own.

Answer 6

conflict of interest

your ideas of better work production as a manager are a direct conflict of interest to the employees who have to preform the tasks you are setting for them as underlings.

Does that help any?

Answer 7

My lawyer happened to be best friends with the plaintiff's mother, and I being the defendant was obviously a conflict of interest...

Answer 8

It means that two parties cannot come together on the same idea.