Answer:
all of the above
Explanation:
Conflicts of interest pose a problem because they lower the quality of information , increase problems of asymmetric information and make the financial system less efficient.
Conflict of interest cause due to poor communication in the organisation , poor selection of staff misunderstanding between the employees between the departments head , personal stress or frustration , and poor process of planning , lack of trust , ego issues , shyness , not interested to communicate all the above mentioned problem can cause the conflict of interest . These need to be correct to avoid the conflict of interest.
These can be done through by establishing a proper process , leave ego and start communicating and discussing the problem and issues , develop proper communication process in the organisation so that it can help in develop trust in the organisation among the employees , start compromising sometime , try to avoid sometime , try to manage stress , all these above mention tips may help in avoiding the conflicts .
Thee is always a need to resolve the conflicts because the consequences of conflicts are not good for the whole organisation.
