Conflicts of interest, Business Management

Conflicts of interest arise whenever executives have a private interest in the outcome of the task or responsibility they carry  out on behalf of their employers.  As a company employee, the executive owes his employer the duty to act solely for the benefit of his or her employer and not in the interest of the employee or third party; the employee?s loyalty must be undivided.  Whenever a conflict of interest exists, the executive cannot be said to act solely for the benefit of the employer, because the conflict of interest may cause the executive to engage in a course of action that is not in the best interest of the company or to fail to exercise independent judgment on behalf of the company, thereby breaching the duty of loyalty the executive owes to his employer.

Posted Date: 2/26/2013 6:27:58 AM | Location : United States

Related Discussions:- Conflicts of interest, Assignment Help, Ask Question on Conflicts of interest, Get Answer, Expert's Help, Conflicts of interest Discussions

Write discussion on Conflicts of interest
Your posts are moderated
Related Questions
Question 1: "To inspire confidence and trust leaders must have certain skills which could enable them to comply with Adair's principles" (a) What are the basic skills that

micro and macro environment assignment example

QUESTION Red-tapism is one of the important phenomena which gives a bad name to bureaucracy and brings disrepute to the public sector (i) Explain the term red-tape relating

The Company have now added one more process to their product's line. The new process is to label their products to reflect their compliance to new international standards. The new

What are the important provisions for employee working hours? Working Hours: The provisions relating to working hours deal along with the given factors: a. Weekly hour

Question 1: According to Henry Fayol, "Leading is one of the main functions of any manager". In this context, explain the importance of leadership for the successful managemen

Question: Price is the only element of the marketing mix which generates revenue, the other elements being all associated with costs. Hence its determination is crucial for any

How is advertising affected in marketing management? Advertising: This is a commercial message to the public, implementation to inform potential and established consumers

A clean environment is a basic component of quality service and is thus important for the development of travel, tourism and hotel industries. The sustainable prosperity of travel,