What is a conflict of interest?
Simply put, it’s a situation where one person’s duty to an organization, a cause, a person or something else is in conflict with that person’s relationship to some other organization, person or cause, where the best interests of one might not be in the best interests of another.
It sounds a bit vague, but conflicts can be all sorts of things. You could sit on the boards of two companies doing business with each other. You could be in a relationship with your supervisor. You could be a police officer arresting a family member. Or you could be a journalist whose reporting might affect a company that is earning you income on the side.
This past week, two examples have come up of high-profile journalists being in potential conflicts of interest because of their side jobs, and of failing to disclose such conflicts to their audience. And in each case, the mentality of the person at the centre of it all seems to have been that since they would never allow themselves to be corrupted by money, they’re not in a conflict of interest.