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
How is the line and staff functions affected in the organisation? Line and Staff functions: every activities of an organization can be categorised in Supporting and Prima

Study different business organizations in your business environments    The learner has been given a position of business analyst who will study environments and prepare  report o

Bakery produces muffins and doughnuts. Let x1 be the number of doughnuts produced and x2 be the number of muffins produced. The profit function for the bakery is expressed by the

QUESTION (a) Determine the ten factors that lead to a successful individual counselling between the counsellor and the client. Answer with examples and one case study. (b) E

What is the suitable procedure of job evaluation? Procedure of Job Evaluation: 1. Know the job to be evaluated. 2. Define and analyse the needs of the job. Write-down

QUESTION Before designing a Total Quality Management system for an organisation, a quality audit is a must. (a) Describe five benefits of performing a quality audit. (b)

Define the meaning of Entrepreneur. An Entrepreneur is a person who notices a requirement and then brings mutually manpower, capital and material needed to meet that requiremen

Discuss about the term marketing briefly. Marketing: All organisations are engaged within producing products or services meant for employ/consumption through people at huge.

QUESTION 1 History is replete with cases where organizations fail as a result of poor or no communication especially in periods of crises. With what you have learnt from the lo

Quality audit is an appraisal of the whole quality control. It is not so much concerned with the quality of the product as with the quality of the product as with the adequa