Conflict of Interest - Essay Example

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Name: Course: Professor: Date: 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…
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Download file to see previous pages 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. 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. 2. If the people who are suffering don’t know at the moment that a conflict is taking place and the person who is involved in the conflict also doesn’t reveal this to them, then this whole act will be termed as deception. Deceiving someone is also morally wrong. It not only hurts the person but it also disappoints him. If equal effort is being made then what is the reason of this conflict of interest. Let us take the same example given above. It is related to an organization in which an employer hires his wife for a job. Their personal relation will obviously affect their professional life. The husband will obviously be bias for his wife. He will not consider her as an employee and as a result other employees will suffer. The amount of bonuses and promotions she will get will be much more then the amount given to other employees. Apart from this she will also not be fired for her lousy performance but she will be given many chances to improve herself while other employees will be fired at the instant no matter how hardworking and efficient they are. This act will sometimes be noticed by the other employees and sometimes they will not be able to note that conflict is taking place. The moment they know that their boss is involved in a conflict they will definitely be disappointed and if in some cases they do not get to know then also the boss will be involved in a case of deception. This act of biasness and deception shows that conflict of interest is always an indicator of ...Download file to see next pagesRead More
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