Common use of Definition of Conflict of Interest Clause in Contracts

Definition of Conflict of Interest. a) A conflict of interest refers to situations in which personal, occupational or financial considerations may affect, or appear to affect, a Director’s objectivity, judgment or ability to act in the best interests of the Corporation and includes conflicts as described in subsection 3.04 hereof. b) A conflict of interest may be real, potential or perceived in nature. c) A real conflict of interest arises where a Director has a private or personal interest, for example, a close family connection or financial interest. d) A potential conflict of interest may arise when a Director has a private or personal interest such as an identified future commitment. e) A perceived or apparent conflict of interest may exist when a reasonable, well- informed person has a reasonable belief that a Director has a material conflict of interest, even if there is no real conflict. f) Full disclosure, in itself, does not remove a conflict of interest.

Definition of Conflict of Interest. a) A conflict of interest refers to situations in which personal, occupational or financial considerations may affect, or appear to affect, a Director’s objectivity, judgment or ability to act in the best interests of the Corporation BAO and includes conflicts as described in subsection 3.04 Error! Reference source not found. hereof. b) A conflict of interest may be real, potential or perceived in nature. c) A real conflict of interest arises where a Director has a private or personal interest, for example, a close family connection or financial interest. d) A potential conflict of interest may arise when a Director has a private or personal interest such as an identified future commitment. e) A perceived or apparent conflict of interest may exist when a reasonable, well- informed person has a reasonable belief that a Director has a material conflict of interest, even if there is no real conflict. f) Full disclosure, in itself, does not remove a conflict of interest.

Definition of Conflict of Interest. a) A conflict of interest refers to situations in which personal, occupational or financial considerations may affect, or appear to affect, a Director’s objectivity, judgment or ability to act in the best interests of the Corporation and includes conflicts as described in subsection 3.04 3.4 hereof. b) A conflict of interest may be real, potential or perceived in nature. c) A real conflict of interest arises where a Director has a private or personal interest, for example, a close family connection or financial interest. d) A potential conflict of interest may arise when a Director has a private or personal interest such as an identified future commitment. e) A perceived or apparent conflict of interest may exist when a reasonable, well- informed person has a reasonable belief that a Director has a material conflict of interest, even if there is no real conflict. f) Full disclosure, in itself, does not remove a conflict of interest.