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Dictionary by pitch.dog
Boards, directors & committees · Core

Conflict of interest

Also called: conflict

ELI5

A situation in which personal or competing interests could impair objective decision-making.

Used in conversation

“Put conflict of interest on the agenda while the board can still influence the decision.”

Pitch context

You will see “Conflict of interest” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches boards, directors & committees.

Why it matters: In boards, directors & committees, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

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Sources & evidence · 3

Direct term-level sources and supporting source families.