Define: Perceived Conflict of Interest
Perceived Conflict of Interest means a situation where a [role] noticeably has a distinct, non-financial interest resulting in potential bias
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Perceived Conflict of Interest means a situation where a [role] noticeably has a distinct, non-financial interest resulting in potential bias.
Relevant Circumstances
- The hiring of an employee in a role that requires decision-making where their personal interest could impact fair judgement.
- A board member taking part in a decision where their personal interest could influence the outcome.
- A partner in a business having a personal interest that could affect the partnership's decisions.