conflicts of interest


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conflicts of interest

the ethical situation that arises when, for example, a veterinarian who practices and also conducts a pharmacy finds that his/her enthusiasm for merchandising is competing with his/her professional interest in being as accurate as possible diagnostically.
References in periodicals archive ?
Financial conflicts of interest threaten patient care, taint medical information, and raise costs.
If independence is not possible, or there are actual or perceived conflicts of interest, the CPA should not accept the engagement.
Clearly, there have been other decisions made in favor of removing institutional conflicts of interest during clinical trials.
In addition to focusing on the medical profession, The Prescription Project will promote policy changes in the public and private sectors that reduce conflicts of interest and expand the use of evidence-based medicine.
True conflicts of interest generally do require disqualification, except when outweighed by the need for a person's services.
Nepotism is a well-known example, but it's just one type of conflicts of interest.
Be aware of areas where potential conflicts of interest may develop.
While the creation of a robust program to prevent conflicts of interest takes time and understanding of ethics law, industry demands, and corporate culture, effective conflict of interest prevention almost always includes these sound management practices:
OVER THE years in the optical sector there have been many examples of potential conflicts of interest.
The rule lowers the monetary threshold at which significant financial interests require disclosure, generally from $10,000 to $5,000, and requires institutions to report to the Public Health Service additional information on identified conflicts of interest and how those conflicts are being managed.
The ombudsman also recommends that the Commission modify the declaration of activities of a prospective special adviser to obtain more information about his or her outside activities to enable a proper examination of potential conflicts of interest.
If the real estate manager is diligent in their understanding of their client's intent as to the handling of their funds, adheres to strict accounting requirements, uses recommended insured institutions, keeps the client informed as to the status of their funds and discloses to the client any possible conflicts of interest, there should no violations of Article 7 of the Code.