The thesis points out that the nature of conflicts of interest is the conflicts between the fiduciary's self-interest and the interest of principal in a given fiduciary relation.

文章首先指出，利益冲突的本质，是在特定的信赖关系中，受信赖人个人的利益与委托人利益之间的冲突。

In section one, to compares fiduciary relation with relation of trust, the author finds that fiduciary duty is the extension and expansion of trustees' liability in the law of trust.

在这部分首先对信赖关系和信托关系进行了区分,并指出信赖关系所适用的范围要比信托关系更广,信赖义务本质上是信托义务在非信赖关系上的扩展和延伸,因而在基本精神上与信托义务具有一致性。