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Motivation behind Conflict of Interest

Toronto Condo News
Publication date:
June 24, 2020
Article Summary: 

The blog discusses the motivation behind the conflict of interest in condo corporations. It explains that a conflict of interest occurs when a board member or manager makes decisions that may benefit themselves or their business, rather than the condo corporation and its members. The blog provides examples of conflicts of interest, such as awarding contracts to friends or family members and hiring companies that the board members are associated with. It explains that conflicts of interest can lead to mistrust, disputes, and legal issues. The blog encourages condo corporations to establish policies and procedures to identify and address conflicts of interest and to ensure that decisions are made in the best interest of the corporation and its members.


conflict of interest, condo corporations, board member, manager, decisions, benefit, business, contracts, friends, family members, associated companies, mistrust, disputes, legal issues, policies, procedures, best interest, members.

Source Citation: 
Toronto Condo News
Motivation behind Conflict of Interest
June 24, 2020
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