Ethical Dilemma Due to Conflicting Interests - Comprehending Through Cases

Abstract

When employees mix personal and business interests, conflicts of interest will eventually arise. A conflict of interest exists when an employee's loyalties or actions are divided between the employer's interests and those of another person or entity, such as a family member a supplier, or a customer. Both an actual conflict of interest and the appearance of a conflict of interest should be avoided. Despite best intentions, the ·e conflicts of interest will likely negatively affect both the employee and the employer. The mere appearance of behavior adverse to the employer may impact business performance and workplace morale. This paper discusses contlicts of interest involving personal and business relationships and provides practical guidance on how to avoid those relationships. Conflict of interest problems can easily manifest themselves when · transactions are not al an arms length.