A conflict of interest is a set of circumstances that involve the risk that a person`s ability to judge or act in a role may or may be impaired or influenced by a secondary interest. A simultaneous conflict of interest can be resolved if four conditions are met. This is section 7.3. All other terms used in this conflict of interest policy take on their ordinary and everyday meaning. Representing a client`s business competitors in unrelated matters is neither direct adversity nor a conflict of loyalty. [19] As noted by a state ethics committee, judicial disensability, also known as rejection, refers to the act of refraining from participating in an administrative action such as legal proceedings because of a conflict of interest of the court official or presiding administrative official. [63] Applicable laws or ethical canons may contain standards of rejection in a particular procedure or issue. If the judge or president is to be free from conflicts of interest, the fairness of the proceedings is less likely to be called into question. [64] When such large sums of money become virtually essential to a politician`s future, it creates a significant conflict of interest that contributes to a fairly well-documented distortion of the country`s priorities and policies. [Citation required] Self-negotiation is an act taken by a company for the personal benefit of that person and not for the benefit of the company. Examples include using company funds as a personal loan or buying shares of the company on the basis of inside information – which also constitutes a violation of insider trading. In a not-for-profit organization, determining the compensation or benefits of officers, directors or trustees may result in a conflict of interest. For example, the payment of excessive remuneration to an employee in an essential position or authority serves a private interest.

(d) Except as otherwise provided in Section 2.4(b) above with respect to a compensation agreement for services provided by the Director of ICANN as a member of the Board, no Director may participate in the deliberations of the Board Committee or the Board of Directors on any Transaction. Contract, agreement, policy, program or other matter where there is a conflict of interest without first disclosing the conflict of interest (and otherwise comply with the requirements of this Conflict of Interest Policy) and until a majority of the non-interested members of the Committee or a majority of the non-interested directors agree on whether and how the person in conflict may participate. . . .