Conflict of interest

Attorney Conflict of Interest Rules A conflict of interest occurs when a lawyer’s ethical obligations to one client conflict with the interests of another client. A conflict is defined as “a substantial risk that the lawyer 's representation of the client would be materially and adversely affected by the lawyer 's own interests or by the lawyer 's duties to another current client, a former client, or a third person.” [Sharp v. Next Entertainment, Inc. (2008) 163 Cal.App.4th 410, 426.) The Rules of Professional Conduct set forth and are intended to protect those duties owed by attorneys to their clients. These include the duty of undivided loyalty, the duty of confidentiality, the duty to exercise independent judgment, the duty to provide…

Professionals should not develop a personal relationship in the work place because it is unethical, is a conflict of interest, and leads to more severe consequences. I will discuss the definition of a conflict of interests, the reasons why having a relationship that is too personal in the work place is unethical, and how it will impact me as a health educator. A conflict of interest is when behavior and/or actions clash with the expectations of that professional. A conflict of interest can…

Fiduciary duty refers to a legal obligation to act purely in the interests of another party. The party that owes the duty is known as the fiduciary, while the party to whom the duty is owed is known as the principal. The fiduciary is not allowed to benefit from this relationship unless the principal expressly consents to it. In addition, the fiduciary should not have any conflict of interest with the principal. Furthermore, in cases where the fiduciary has several principals, the fiduciary…

start to this paper, I would like to first address the issue that as paralegals, we will most likely never be asked to address the issue of a test case regarding euthanasia as it far exceeds our scope of practice. That being said, I found this topic to be one of interest to me as I am very much a pro-choice person and it is a goal to challenge myself to see things from a different vantage point. For the purposes of this paper, I will address this as if it were in our permitted scope of…

When a firm acts with two clients with conflicts of interest being evident along with successive representation forms an unconquerable information barrier that defines the term ‘Chinese wall.’ The process for professionals such as lawyers who have ethical obligations increasingly face difficulties in handling the conflicts of interest. The legal industry has received increasing attention for this concept as it prevents the disclosure of confidential information within the echelons of the firm. …

selected by the Board of Development Committee and requires full board approval (American, 2015). Based on prior bad acts, the Board of Governors vowed to raise the standards of ethics and conduct by promoting a culture of compliance by implementing Ethics Rules and Policies, Policy on Financial Conflict of Interest Management, Red Cross Code of Business Ethics and Conduct, and the Ombudsman Office guide (American, 2015). Additionally, they established a Concern Connection Line, which is…

board members must act honestly and in the best interest for the community. This contract also means if an advisory board member notices something that has not been discussed, that they as an individual must bring the issue to the attention of the advisory board and founders. Our advisory board currently has 11 members on it; the board is a diverse group of people coming from different areas in the community. The first Board member is the principle of John M King elementary school. A…

After Obama ruled in favor of the new Department of Labor (DOL) fiduciary rule, financial planners will no longer have their own interests in earning high-commissions and fees over their clients. The new rule is to protect advisor’s clients by adding a sense of transparency by making sure the advisor is acting within the best interest of the client, by recommending the best investments at the lowest prices. Implementation of the new rule is set out to prevent the $17 billion a year in…

Stakeholders in a company need to know that a company’s employees have the interest of the organization as their first priority (George, 2007; Howard, 2008). Customers, stockholders, and owners want to know that those in who they are investing or buying products from are not simply looking out for their own self-interest. Secondly, ambiguity can be effectively eliminated through a formal conflict of interest policy because many situations do not clearly fall into what common sense would consider…

and other regulatory bodies such as the Ministry of Industry and Ministry of Defense administer state enterprises. The aim of the paper is not giving a detailed look in to or providing a prototype of SOE management, which is a distinct study. Rather it reflects on the experience of similarly situated countries in preventing and addressing conflict of interest. The three approaches in the organization and administration of SOEs are the Centralized model, decentralized model, and the dualist…