Conflict of Interest Risk

Conflict of Interest Risk - Conflict of Interest Risk refers to the potential for ethical, legal, or reputational issues arising when an individual's personal interests, relationships, or obligations compromise their ability to make impartial decisions on behalf of their organization or role. These conflicts can lead to biased decision-making, decreased trust, or even regulatory penalties, ultimately impacting the organization's integrity and performance

Class Information

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Identification

Label (rdfs)
Conflict of Interest Risk
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Definition and Examples

Definition
Conflict of Interest Risk refers to the potential for ethical, legal, or reputational issues arising when an individual's personal interests, relationships, or obligations compromise their ability to make impartial decisions on behalf of their organization or role. These conflicts can lead to biased decision-making, decreased trust, or even regulatory penalties, ultimately impacting the organization's integrity and performance
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Is Defined By
https://www.canada.ca/en/treasury-board-secretariat/corporate/risk-management/taxonomies.html
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Deprecated
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