Discuss how conflicts of interests can arise in a profession.
What will be an ideal response?
A conflict of interest exists where a person holds a position of trust that requires that she or he exercise judgment on behalf of others, but where her or his personal interests and/or obligations conflict with those of others. Conflicts of interest can also arise when a person's ethical obligations in her or his professional duties clash with personal interests. Such professionals are said to have fiduciary duties-a professional and ethical obligation-to their clients, duties rooted in trust that override their own personal interests. Unfortunately, many of these professional intermediaries are paid by the businesses over which they keep watch, and perhaps are also employed by yet another business.
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