Conflict of Interest is a situation in which a public official's decisions are influenced by the official's personal interests. The person or official having a conflict of interest is under the influence of bias and is not impartial in his/her duties.
The following is an example of a state statute (Michigan) defining the term “Conflict of interest” in connection with the regulation of gaming :
According to MCLS § 432.202 "Conflict of Interest" means “a situation in which the private interest of a member, employee or agent of the board may influence the judgment of the member, employee, or agent in the performance of his or her public duty under this act. A conflict of interest includes, but is not limited to, the following:
(i) Any conduct that would lead a reasonable person, knowing all of the circumstances, to conclude that the member, employee, or agent of the board is biased against or in favor of an applicant.
(ii) Acceptance of any form of compensation other than from the board for any services rendered as part of the official duties of the member, employee, or agent for the board.
(iii) Participation in any business being transacted with or before the board in which the member, employee, or agent of the board or his or her parent, spouse, or child has a financial interest.
(iv) Use of the position, title, or any related authority of the member, employee, or agent of the board in a manner designed for personal gain or benefit.
(v) Demonstration, through work or other action in the performance of the official duties of the member, employee, or agent of the board, of any preferential attitude or treatment of any person.