Apple (AAPL 0.52%) CEO Tim Cook is once again dodging questions about wearable computing beyond calling it an area of "incredible interest" for his company. However, he had no problem showing off Nike's (NKE -0.74%) FuelBand that he has been wearing since early last year. Cook even sits on Nike's board.

In this video, longtime Fool contributor Rick Munarriz argues that Cook's presence on Nike's board may be creating a conflict of interest when it comes to wearable computing. Google's (GOOGL -1.97%) Eric Schmidt left Apple when he rightfully sensed a growing conflict of interest between the two tech titans. It could be time for Cook to follow suit with Nike's boardroom.