Question

If you work for a research lab that is developing a step counter for monitoring exercise,...

If you work for a research lab that is developing a step counter for monitoring exercise, which of the following situations would require you to disclose a conflict of interest, and why or why not:

a. You work as a paid consultant for a company that develops a similar product.

b. Your brother is a professional athlete that has an endorsement contract with a shoe company.

c. You own stock in a weight loss company that could use the step counter.

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Answer #1

Option a - You work as a paid consultant for a company that develops a similar product

Conflict of interest arises when a person is ion a situation where they could gain benefit using their official positions. In this case, one works for both the companies where a same or similar product is developed by both the companies, the chances are that one will share information to both the parties thus not keeping the secret. This way the person could earn more money in an illegal way. So, the person needs to disclose this.

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