Conflict of interest in the context of "Abstentions"

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⭐ Core Definition: Conflict of interest

A conflict of interest (COI) is a situation in which a person or organization is involved in multiple interests, financial or otherwise, and serving one interest could involve working against another. Typically, this relates to situations in which the personal interest of an individual or organization might adversely affect a duty owed to make decisions for the benefit of a third party.

An "interest" is a commitment, obligation, duty or goal associated with a specific social role or practice. By definition, a "conflict of interest" occurs if, within a particular decision-making context, an individual is subject to two coexisting interests that are in direct conflict with each other ("competing interests"). This is important because under these circumstances, the decision-making process can be disrupted or compromised, affecting the integrity or reliability of the outcomes.

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👉 Conflict of interest in the context of Abstentions

Abstention is a term in election procedure for when a participant in a vote either does not go to vote (on election day) or, in parliamentary procedure, is present during the vote but does not cast a ballot. Abstention must be contrasted with "blank vote", in which a voter casts a ballot willfully made invalid by marking it wrongly or by not marking anything at all. A "blank voter" has voted, although their vote may be considered a spoilt vote, depending on each legislation, while an abstaining voter has not voted. Both forms (abstention and blank vote) may or may not, depending on the circumstances, be considered to be a protest vote (also known as a "blank vote"). Abstention is related to political apathy and low voter turnout.

An abstention may be used to indicate the voting individual's ambivalence about the measure, or mild disapproval that does not rise to the level of active opposition. Abstention can also be used when someone has a certain position about an issue, but since the popular sentiment supports the opposite, it might not be politically expedient to vote according to their conscience. A person may also abstain when they do not feel adequately informed about the issue at hand, or have not participated in relevant discussion. In parliamentary procedure, a member may be required to abstain in the case of a real or perceived conflict of interest.

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Conflict of interest in the context of Citizens' assembly

Citizens' assembly is a group of people selected by lottery from the general population to deliberate on important public questions so as to exert an influence. Other names and variations of deliberative mini-publics include citizens' jury, citizens' panel, people's panel, people's jury, policy jury, consensus conference and citizens' convention.

A citizens' assembly uses elements of a jury to create public policy. Its members form a representative cross-section of the public, and are provided with time, resources and a broad range of viewpoints to learn deeply about an issue. Through skilled facilitation, the assembly members weigh trade-offs and work to find common ground on a shared set of recommendations. Citizens' assemblies can be more representative and deliberative than public engagement, polls, legislatures or ballot initiatives. They seek quality of participation over quantity. They also have added advantages in issues where politicians have a conflict of interest, such as initiatives that will not show benefits before the next election or decisions that impact the types of income politicians can receive. They also are particularly well-suited to complex issues with trade-offs and values-driven dilemmas.

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Conflict of interest in the context of Industry self-regulation

Industry self-regulation is the process whereby members of an industry, trade or sector of the economy monitor their own adherence to legal, ethical, or safety standards, rather than have an outside, independent agency such as a third party entity or governmental regulator monitor and enforce those standards. Self-regulation may ease compliance and ownership of standards, but it can also give rise to conflicts of interest. If any organization, such as a corporation or government bureaucracy, is asked to eliminate unethical behavior within their own group, it may be in their interest in the short run to eliminate the appearance of unethical behavior, rather than the behavior itself, by keeping any ethical breaches hidden, instead of exposing and correcting them. An exception occurs when the ethical breach is already known by the public. In that case, it could be in the group's interest to end the ethical problem to which the public has knowledge, but keep remaining breaches hidden. Another exception would occur in industry sectors with varied membership, such as international brands together with small and medium size companies where the brand owners would have an interest to protect the joint sector reputation by issuing together self-regulation so as to avoid smaller companies with less resources causing damage out of ignorance. Similarly, the reliability of a professional group such as lawyers and journalists could make ethical rules work satisfactorily as a self-regulation if they were a pre-condition for adherence of new members.

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Conflict of interest in the context of Triple Alliance (1882)

The Triple Alliance was a defensive military alliance between Germany, Austria-Hungary, and Italy. It was formed on 20 May 1882 and renewed periodically until it expired in 1915 during World War I. Germany and Austria-Hungary had been closely allied since 1879. Italy was looking for support against France shortly after it lost North African ambitions to the French. Each member promised mutual support in the event of an attack by any other great power. The treaty provided that Germany and Austria-Hungary were to assist Italy if it was attacked by France without provocation. In turn, Italy would assist Germany if attacked by France without provocation. In the event of a war between Austria-Hungary and Russia, Italy promised to remain neutral. After the Austro-Hungarian empire and Germany declared war without first being attacked by other nations, Italy did not take part in World War I on the side of the Central Powers and later joined on the side of the Allied Powers.

When the treaty was renewed in February 1887, Italy gained an empty promise of German support of Italian colonial ambitions in North Africa in return for Italy's continued friendship. Austria-Hungary had to be pressured by German chancellor Otto von Bismarck into accepting the principles of consultation and mutual agreement with Italy on any territorial changes initiated in the Balkans or on the coasts and islands of the Adriatic and Aegean seas. Italy and Austria-Hungary did not overcome their basic conflict of interest in that region despite the treaty. In 1891, attempts were made to join Britain to the Triple Alliance, which, though unsuccessful, were widely believed to have succeeded in Russian diplomatic circles.

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Conflict of interest in the context of Neutrality (philosophy)

In philosophy, neutrality is the tendency to not take a side in a conflict (physical or ideological), which may not suggest neutral parties do not have a side or are not a side themselves. In colloquial use, neutral can be synonymous with unbiased. However, bias is a favoritism for one side, distinct from the tendency to act on that favoritism. Neutrality is distinct (though not exclusive) from apathy, ignorance, indifference, doublethink, equality, agreement, and objectivity. Apathy and indifference each imply a level of carelessness about a subject, though a person exhibiting neutrality may feel bias on a subject but choose not to act on it. A neutral person can also be well-informed on a subject and therefore need not be ignorant. Since they can be biased, a neutral person need not feature doublethink (i.e. accepting both sides as correct), equality (i.e. viewing both sides as equal), or agreement (a form of group decision-making; here it would require negotiating a solution on everyone's opinion, including one's own which may not be unbiased). Objectivity suggests siding with the more reasonable position (except journalistic objectivity), where reasonableness is judged by some common basis between the sides, such as logic (thereby avoiding the problem of incommensurability). Neutrality implies tolerance regardless of how disagreeable, deplorable, or unusual a perspective might be.

In moderation and mediation, neutrality is often expected to make judgments or facilitate dialogue independent of any bias, emphasizing on the process rather than the outcome. For example, a neutral party is seen as a party with no (or a fully disclosed) conflict of interest in a conflict, and is expected to operate as if it has no bias. Neutral parties are often perceived as more trustworthy, reliable, and safe. Alternative to acting without a bias, the bias of neutrality itself is the expectation upon the Swiss government (in armed neutrality), and the International Federation of Red Cross and Red Crescent Societies (in non-interventionism). The Oxford English Dictionary documents that, by at least 1897, "neutral" meant applying the rules to the facts, as in football "Neutral linesmen shall officiate in all games." In the Supreme Court decision Board of Regents of the University of Wisconsin System v. Southworth based on the United States Constitution's First Amendment, the court decided some funding decisions should be made through a neutral viewpoint.

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Conflict of interest in the context of Principal–agent problem

The principal–agent problem (often abbreviated agency problem) refers to the conflict in interests and priorities that arises when one person or entity (the "agent") takes actions on behalf of another person or entity (the "principal"). The problem worsens when there is a greater discrepancy of interests and information between the principal and agent, as well as when the principal lacks the means to punish the agent. The deviation of the agent's actions from the principal's interest is called "agency cost".

Common examples of this relationship include corporate management (agent) and shareholders (principal), elected officials (agent) and citizens (principal), or brokers (agent) and markets (buyers and sellers, principals). In all these cases, the principal has to be concerned with whether the agent is acting in the best interest of the principal. Principal-agent models typically either examine moral hazard (hidden actions) or adverse selection (hidden information).

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Conflict of interest in the context of State of affairs (sociology)

The state of affairs is the combination of circumstances applying within a society or group at a particular time. The current state of affairs may be considered acceptable by many observers, but not necessarily by all. The state of affairs may present a challenge, or be complicated, or contain a conflict of interest. The status quo represents the existing state of affairs. Unresolved difficulties or disagreements concerning the state of affairs can provoke a crisis. Dispute resolution is naturally desired, and naturally provided, by forms of inclusive social interaction, such as consensus decision-making, which adapt, but not conveniently, from a family or tribal model to encompass a global scope.Current knowledge and discussion about the state of affairs is communicated through the media.

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