What should be done after identifying a conflict of interest?

Identifying a conflict of interest is a crucial step in maintaining ethical standards and integrity in professional settings. When a conflict of interest is recognized, the most appropriate and responsible action is to avoid the conflict altogether. This means taking proactive measures to ensure that personal interests do not interfere with professional duties or lead to situations that could compromise objectivity or impartiality.

Avoiding the conflict may involve steps such as recusing oneself from certain decisions, delegating responsibilities to others who are not affected by the conflict, or refraining from engaging in activities that would create a compromised position. By prioritizing the avoidance of any potential conflict, individuals ensure that they maintain trust, uphold ethical standards, and protect the integrity of their role in the organization or profession.

Resolving the conflict immediately, seeking advice from colleagues, or publicly disclosing the conflict can be valuable in different contexts, but they should follow the decision to avoid the conflict to mitigate harm and maintain professional integrity effectively. These actions may be part of a larger strategy to address conflicts, but they do not replace the fundamental need to first prevent them from occurring.