QUESTION: What is a conflict of intrest?
ANSWER:
- Whenever there is any potential bias affect a researcher's work
then a conflict of interest is commence.Generally conflict of
interest include both the non financial and financial gains.
- The potential of conflict of interest has raised by the
increased involvement of academician in different research.
- Conflict of interest take place only when an organization or
individuals is involved in multiple interest.
- Conflict of interest refers to the set of circumstances which
creates a risk that professional action regarding a primary
interest will be inappropriately influenced by a seconadry
interest.
- A conflict of interest Includes a person or an entity which has
two relationship competing between each other for the persons
loyalty.For example the person may have loyalty to a family
business or to an employer.
- There are two major types of conflict of
interest.These are follows:
1. Conflicts between the financial interest and the
interest of a patient or a client
2. Conflicts which involve competing loyalities, to two
or more patients or clients.
- Conflict of intrest ensure equitable and fair treatment.
- Conflict of interest is legal ramifications.
- The most common forms of the conflicts of interest includes
Nepotism ,self dealing.
Nepotism
In nepotism, the child,spouse,other relatives is employes by an
individuals in where services or good purchased from relative and
also controlled by an relative.
Self dealing
Self dealing refers to the officials who control a transaction
with the officials or with another organization which benefits the
official only.
Examples of Conflict of interest
- Insurance claim adjuster-It is one example of
conflict of interest in which insurance company retain claims
adjustes to represent their interest in adjusting claims.
- Self regulation-In any group, self regulation
also be a conflict of interest.
- Government Ofiicials-In government officials,
the main aim of regulating conflict of interest is political
ethics.