McCombs School of Business
36 short illustrated videos explain behavioral ethics concepts and basic ethics principles.
58 animated videos - 1 to 2 minutes each - define key ethics terms and concepts.
One-of-a-kind videos highlight the ethical aspects of current and historical subjects.
Eight short videos present the 7 principles of values-driven leadership from Gentile's Giving Voice to Values.
A documentary and six short videos reveal the behavioral ethics biases in super-lobbyist Jack Abramoff's story.
30 videos - one minute each - introduce newsworthy scandals with ethical insights and case studies.
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Conflict of Interest arises when our interest conflicts with another’s to whom we owe a duty.
A conflict of interest arises when what is in a person’s best interest is not in the best interest of another person or organization to which that individual owes loyalty.
For example, an employee may simultaneously help himself but hurt his employer by taking a bribe to purchase inferior goods for his company’s use.
A conflict of interest can also exist when a person must answer to two different individuals or groups whose needs are at odds with each other. In this case, serving one individual or group will injure the other.
In business and law, having a “fiduciary responsibility” to someone is known as having a “duty of loyalty.” For example, auditors owe a duty of loyalty to investors who rely upon the financial reports that the auditors certify. But auditors are hired and paid directly by the companies whose reports they review. The duty of loyalty an auditor owes to investors can be at odds with the auditor’s need to keep the company – its client – happy, as well as with the company’s desire to look like a safe investment.
So, those of us who wish to be ethical people must consciously avoid situations where we benefit ourselves by being disloyal to others.
Corruption is the dishonest conduct for personal gain by people in power.
A Fiduciary Duty is a legal obligation to act in the best interest of another rather than one’s self.
The Self-Serving Bias is the tendency people have to process information in ways that advance their own self-interest or support their pre-existing views.