Which step is NOT part of addressing a conflict of interest?

In addressing a conflict of interest, the process typically involves identifying the conflict, avoiding situations that could exacerbate the conflict, and managing any existing conflicts through transparent cooperation among involved parties. Neglecting the conflict, however, is not a viable step in this process.

Ignoring a conflict of interest can lead to ethical violations, damage to professional relationships, and potentially legal repercussions. It is crucial to acknowledge and address conflicts proactively to maintain integrity and trust in any professional or organizational setting. Thus, neglecting the issue fails to uphold these principles, making it clear why this option stands out as not part of the proper approach to managing conflicts.