What is a Conflict of Interest in public service? What are the ways to manage it? – INSIGHTSIAS

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Topic: Contributions of moral thinkers and philosophers from India and the world to the concepts of morality;

7. What is a Conflict of Interest in public service? What are the ways to manage it? (150 Words)

Difficulty Level: Moderate

Why the question:

The question is part of the static syllabus of General studies paper – 4 and part of ‘Conceptual Tuesdays’ in Mission-2022 Secure.

Key Demand of the question:

To write about conflict of interest and ways to manage it.

Structure of the answer:

Introduction:

Begin by defining conflict of interest. Give example to substantiate.

Body:

Next, mention the ways to address conflict of interest – create a culture of ethics and trust, define stakeholders, enhance transparency, promote fairness and objective decision making and fix accountability mechanisms.

Conclusion:

Conclude by stressing on the need to avoid conflict of interest.

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