Conflicts of Interest, Treasury Circular No. 230.35. A conflict of interest develops when representing one of your customers is directly detrimental to another.
Conflict of Interest
A conflict of interest (COI) occurs when a person or organisation has numerous financial or other interests, and fulfilling one may require working against another. Typically, this refers to instances in which an individual's or organization's personal interests may jeopardise a duty due to make judgments for the benefit of a third party. A commitment, obligation, duty, or goal associated with a specific social role or practise is referred to as a "interest." A "conflict of interest" happens when an individual is subject to two coexisting interests that are in direct conflict with each other within a specific decision-making environment.
A divergent thinking is a method of which an individual will
likely use wide variety of solutions by exploring and finding it in means of
creating ideas. In the query of ‘what can you do with a pencil’, a person with
divergent thinking would likely answer this, ‘you use it to make toys’.
