Conflict of interest with the corporation...?

Question

Please state 3 different ways that a director can have a conflict of interest with the corporation that he is a director of.

Answer 1

1. Using position for personal gain.

2. Going outside of the accepted social ethical behavior while representing a company.

3. Owning stock in a company that is a direct competitor.

Answer 2

Being married to someone who has a position of responsibiltiy at a competitor

Being on a board of another company that is considered a competitor.

Owning a business that may compete for contracts at his company.