What is Conflict of Interest? Definition, Types, and Real-Life Examples
A conflict of interest arises when personal, financial, or relational interests interfere—or appear to interfere—with professional judgment. It does not always involve wrongdoing, but even the perception of bias can damage trust and credibility. Common examples include favoritism in hiring, biased procurement, or undisclosed financial ties. In the workplace, such conflicts can undermine fairness, morale, and ethical standards. Visionary leaders address conflicts through transparency, disclosure, and recusal, supported by clear policies and ethical culture. By managing conflicts responsibly, leaders protect integrity, strengthen trust, and demonstrate accountability. True leadership is proven when ethical choices are made despite personal temptations.