In managing a conflict of interest, what role must the individual play?

In managing a conflict of interest, the individual must actively participate in addressing the situation, which is why cooperating in the management is essential. This role involves recognizing the conflict and working with appropriate parties—such as supervisors, compliance officers, or ethics committees—to find a solution that mitigates the impact of the conflict.

By cooperating, the individual shows responsibility and commitment to ethical standards, ensuring that decisions made are in the best interest of all stakeholders involved. This collaborative approach can help in creating transparent processes and fostering an environment where conflicts of interest are managed effectively.

When individuals withdraw from all situations, they may neglect their responsibilities and potentially damage relationships or hinder operations. Initiating a conflict or ignoring instructions from superiors undermines trust and ethical conduct, which can lead to more significant issues within the organization. Thus, cooperation is critical for maintaining integrity and addressing conflicts of interest constructively.