Conflict of interest - Legal lexicon
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Legal lexicon > Conflict of interest

Conflict of interest

There is a conflict of interest where a director, officer or shareholder negotiates or makes a decision regarding a contract or transaction to which the Corporation is a party and in which said director, officer or shareholder personally has a direct or indirect financial stake.

A contract or transaction between a corporation and an associate to the director or officer of the corporation may be considered as a situation of conflict of interest.

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