Trident University International HOMEWORK A ESSAY HELP

Improper Business Practices and Personal Conflicts Of Interest
Abstract
All firms recognize that improper business practice and conflicts of interest (CIs) threaten their
effectiveness, integrity, and reputation in their codes of conduct. In addition to insider trading, CI
definitions are specific to each company and are declared publicly via its codes of conduct.
Improper business practices include fraud, deception, coercive or unreasonable commercial and
consumer activities, and in many countries are outlawed by law. For example, in the European Union,
each member state must, subject to transitional periods, control unfair commercial activities in line with
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the Unfair Commercial Practices Directive. Tenancy disputes, issues involving the promotion and sale of
goods and services to customers, issues involving insurance claims and settlement, and debt collection in
default situations are examples of unfair business practices.
Introduction
The labeling of "conflict of interest and unsuitable business practices” for government officials
throughout the globe is also part of the everyday discourse and a considerable element of anticorruption laws. For officials, what public interest refers to and the personal interest is quite apparent so
that anybody else can define the conflict. However, the issue gets unclear in the case of enterprises since
corporate interest cannot be construed as public (in the sense of social security) because most
businesses are established out of the entrepreneurial zeal of the founder. We cannot create a distinction
between the interests of the business (its aim of profit) and the interest of investors, at least in the initial
years of its existence (of obtaining dividends and other financial benefits). If a family-owned company is