Remove Conflict of Interest Remove Development Remove Ethics Remove Finance
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Conflict-of-Interest Rules Are Holding Back Medical Breakthroughs

Harvard Business Review

Legitimate concerns over conflict of interest that have resulted in overly extreme preventative policies are a central cause. It is time for all parties to revisit those policies and replace them with rules that recognize both true conflicts and true confluences of interest. Insight Center. Sponsored by Optum.

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The “Maximize Profits” Trap in Decision Making

Harvard Business Review

From a historical perspective, the idea that managers in organizations have a single, dominant duty — to achieve or maximize economic returns — is a striking development. In addition, 30 states have passed laws that explicitly authorize companies to consider the interests of parties other than shareholders.

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At Olympus and Goldman Sachs, Two Very Different Whistleblowers

Harvard Business Review

For example, the SEC in 2010 had charged Goldman with misleading some of the parties to a billion dollar transaction (involving a complex derivative called a synthetic collateralized debt obligation), alleging specific facts about undisclosed conflicts of interest. Goldman settled within months for $550 million.