Conflicts of interest in nowadays business

It is easy to be confused about conflicts of interest. In your essay, carefully explain what a conflict of interest is (and what it is not). Your essay should differentiate between potential and actual conflicts of interest. It should also explain whether conflicts of interest are always an indicator of moral wrongness. Use examples from the business world in explaining the view. Finally, given the prevalence of conflicts of interest, what do you think an employee ought to do when he or she discovers a conflict of interest?