Conflict of interest

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Conflict of Interest

Conflict of Interest (pronunciation: /ˈkɒnflɪkt ɒv ˈɪntrɪst/) is a term used in multiple fields, including medicine, law, and business, to describe a situation where an individual or organization might be influenced by a secondary, competing interest.

Etymology

The term "Conflict of Interest" originates from the Latin words 'confligere', meaning 'to strike together', and 'interesse', meaning 'to concern'. It was first used in legal contexts in the 18th century to describe situations where a person's judgement could be affected by a personal gain or bias.

Definition

In the context of medicine, a Conflict of Interest can occur when a healthcare professional's judgement regarding a primary interest (such as patient welfare or the validity of research) is influenced by a secondary interest (such as financial gain or personal prestige).

Related Terms

  • Bias: A tendency to lean in a certain direction, either in favor of or against a particular thing.
  • Ethics: Moral principles that govern a person's behavior or the conducting of an activity.
  • Professionalism: The competence or skill expected of a professional.
  • Transparency: The condition of being transparent, especially in the context of business and law.

See Also

External links

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