Answer:
True
Explanation:
Conflict of interests refers to the conflict between organizational interests and personal interests of an individual.
For example, a director has the authority to sanction a project investment with another company. The director knows that such a project if entered into, is not beneficial for the company but since the directors own relative is a director of the other company, such an alliance would personally benefit him.
In such a case, the director is experiencing conflict of interest and during the meeting of the board, he must disclose his personal interest in such a project.
A conflict of interest impairs an individuals judgement and objectivity.
