A situation in which someone’s private interests are opposed to that person’s responsibilities to other people:
Council members should avoid any potential conflict of interest.
BUSINESS ENGLISH LAW
A situation in which someone cannot make a fair decision because they will be personally affected by the result:
The mayor is himself involved in local businesses and has been accused of a conflict of interest.
A conflict of interest refers to a situatio
n in which a person or entity has competing interests or loyalties that could compromise their ability to act impartially or make objective decisions. Here are some key points about conflicts of interest:
Definition: A conflict of interest occurs when an individual or organization has multiple interests, and these interests could potentially influence their decisions or actions in a way that may not be fair, transparent, or in the best interests of others.
Types of conflicts of interest: Conflicts of interest can arise in various contexts, such as business, government, academia, law, journalism, and nonprofit organizations. Common examples include financial conflicts of interest (e.g., personal financial gain), relationship conflicts of interest (e.g., favoring friends or family), and professional conflicts of interest (e.g., divided loyalties between different roles or responsibilities).
Ethical concerns: Conflicts of interest can raise ethical concerns, as they may compromise fairness, integrity, and trustworthiness. It can be challenging to navigate conflicts of interest, as they may not always be apparent, and individuals may unintentionally be influenced by their conflicting interests.
Legal and regulatory implications: Many jurisdictions have laws and regulations that govern conflicts of interest, requiring disclosure, recusal, or avoidance of conflicting situations. Violating these laws and regulations can result in legal consequences, such as fines, penalties, or loss of credibility.
Mitigation and management: Managing conflicts of interest is important to maintain transparency, fairness, and trust. Mitigation strategies can include disclosure of potential conflicts, recusal from decision-making processes, establishing clear policies and procedures, and seeking independent opinions or oversight.
Consequences of unaddressed conflicts of interest: Failure to address conflicts of interest can lead to reputational damage, loss of public trust, erosion of credibility, legal consequences, and negative impacts on stakeholders, such as shareholders, employees, customers, or the general public.
Importance of transparency and accountability: Maintaining transparency and accountability in decision-making processes is crucial to identify and address conflicts of interest proactively. This includes proper disclosure of potential conflicts, thorough evaluation of conflicting interests, and taking appropriate actions to mitigate or manage conflicts of interest.
In summary, conflicts of interest are situations in which individuals or organizations have competing interests that may compromise their ability to act impartially or make objective decisions. They can have ethical, legal, and reputational implications and require transparency, accountability, and proper management to maintain integrity and trust.
1 Damning evidence against Cardinal George Pell | 60 Minutes Australia
Gepubliceerd op 26 feb. 2019
2 Cardinal Pell spends first night behind bars | Nine News Australia
Gepubliceerd op 27 feb. 2019
3 George Pell insights from Vatican insider | 60 Minutes Australia
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Gepubliceerd op 13 mrt. 2019
IMPORTANT VIDEO: SHOCKING STORY
4 Catholics divided as George Pell loses his appeal against sexual abuse conviction | 7.30
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Gepubliceerd op 22 aug. 2019
Australia’s most senior Catholic George Pell remains in prison, after his appeal against multiple historic child sexual abuse convictions was rejected.
Cardinal Pell maintains his innocence, and says he’s considering an appeal to the High Court.
One of George Pell’s oldest friends refuses to accept his guilt despite the court findings.
Read more here: https://www.abc.net.au/news/2019-08-2…
6 Catholic priests’ victim: ‘The abuse was so common it became normal’
Gepubliceerd op 3 feb. 2016
Suggested videos: Samantha Morton interview ► http://bit.ly/1xbUZIG
8 Who is George Pell? | 7.30
26 feb. 2019
9 Cardinal George Pell’s sentencing in full | ABC News
13 mrt. 2019
11 Why is the Vatican quiet on the trial of Cardinal George Pell?
8 mei 2018
Cardinal George Pell pled not guilty in Australia to allegations of sex abuse that took place in the 1960s and 1970s. The specifics of the charges can’t be released under Australian law, but some are asking what the Church knows since the Vatican refuses to voice its support for its third highest ranking official.
President of the Survivors Network of Those Abused by Priests
Professor at the Pontifical University of the Holy Cross
Lawyer who represents victims of institutionalised sexual abuse
13 Candid Camera Classic: Girl Blows Up a Tire!
10 feb. 2017