How are conflicts of interest created in an organization?
Please provide the best answer for the statement.
Conflicts of interest in business arise when an employee or officer of a company is engaged in carrying out a task for the employer and has an interest that provides him or her with an incentive or motive to do the task in a way that serves that interest. That employee or officer has an obligation to do the task in a way that serves the interests of the employer, free of any incentives to serve another interest. If that employee or officer does not, or chooses to pursue an incentive not in the employer’s best interest, a conflict of interest has arisen. It is important to notice that the mere existence of an interest that provides an incentive or motive that could influence an employee’s actions on behalf of the employer is enough to give that employee a conflict of interest even if the employee does not allow the interest to influence him or her.
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