I work for ABC Equity, the private equity arm of ABC. We make investments and take minority equity stakes in private companies As part of my job, l take board seats at the investee companies to oversee management and to help the companies grow. Therefore l can have two roles with the investee company, one as a portfolio manager on behalf of ABC and the other as a director. Obviously, there are conflicts between the two. As an employee of ABC, lowe my duties to ABC in my portfolio management job. As a director of the investee company, l owe my duties to the company and the shareholders as a group. Most of the time, the interests of ABC and the investee company are in line, but there are occasions when they are not.