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Sometimes, people who may be perceived to have a conflict of interest resign from a position or sell a shareholding in a venture, to eliminate the conflict of interest going forward. [ citation needed ] For example, Lord Evans of Weardale resigned as a non-executive director of the UK National Crime Agency after a tax-avoidance -related ...
The former Orange County attorney has been accused of improperly arranging an IT contract deal for his brother-in-law. This Orange County contract is at the heart of a conflict-of-interest claim ...
Kansas Sen. Caryn Tyson, R-Parker, is calling for a tougher conflict of interest law in response to a state employee winning a consulting contract.
Conflict may break out between principals, [28] and this all leads to increased autonomy for upper management. [22] Ways of mitigating or preventing these conflicts of interests include the processes, customs, policies, laws, and institutions which affect the way a company is controlled—and this is the challenge of corporate governance.
An example of the negative effects a long-term tenure has on auditor independence is the consideration to issue a going-concern opinion. For example, if an auditor has been auditing a firm for over 10 years, they may brush off a large problem in the company and issue a clean opinion because they believe that they are familiar with the company.
The following are examples of conflict that could be either intragroup or intergroup conflict. Conflict of interest is involvement in multiple interests which could possibly corrupt the motivation or decision-making. [16] Cultural conflict is a type of conflict that occurs when different cultural values and beliefs clash. [17]