Organizational Conflicts of Interest

Published: 2021-09-11 04:40:11
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Organizational Conflicts of InterestUniversity of the People        Conflicts of interest (COIs) can occur in any organization, whether it be private or public, for-profit or not-for-profit. It is an area that is typically involves a favorable outcome that occurs as a result of a personal or profession tie that an individual has with a group of people or organization, which is ordinarily unlikely occur (Rowan, 2014). It typically presents itself as a harmless favor, that can oftentimes bring with it legal action or loss of employment (Rowan, 2014).The company I have chosen to associate a particular type of conflict of interest with is WE Family Offices, a wealth management enterprise for high net worth families. The individual I will be focusing on for the purpose of this paper is the current chief executive officer and founder of WE Family Offices, Maria Elena Lagomasino. The particular type of conflict of interest is the conflict of interest by boards of directors (Murray, 2019). Maria currently serves on the board of directors of The Coca-Cola Company and is also a lead independent director at the company. She also serves on the board of directors for The Walt Disney Company. I’ve chosen this particular type of conflict of interest as it board of directors are well known for encountering circumstances in which their involvement as a director on the board of a company begins with good intentions, but results in exiting the board due to a conflict of interest. This type of exit occurred in 2009 when the CEO of Google, Eric Schmidt, resigned from Apple’s board of directors due to the two companies developing similar operating technologies and operating systems for their mobile market, which resulted in the two companies becoming direct competitors. In the case of WE Family Offices, Maria is subject to conflicts of interest that could arise due to sales based compensations, as well as investment advisory with a bias towards particular companies that she actively participates in as a director on the company’s board. This could also result in insider trading due to knowledge acquired regarding the potential rise or fall of stock prices of the companies she has direct access to or is affiliated with (Murray, 2019).

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