# Conflict of interests

URL: https://www.transparency.org/en/corruptionary/conflict-of-interests
Type: Corruptionary
Published: 2019-12-23
Updated: 2020-04-25

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### Definition

Situation where an individual or the entity for which they work, whether a government, business, media outlet or civil society organisation, is confronted with choosing between the duties and demands of their position and their own private interests.

## Why it matters

Companies should establish policies and procedures to identify, monitor and manage conflicts of interest which may give rise to a risk of bribery – actual, potential or perceived.