Ethics and Conflicts of Interest
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One definition is ...
A situation that has the potential to undermine the impartiality of a person because of the possibility of a clash between the person's self-interest and professional interest or public interest ... READ MORE
Released by Business Dictionary.com
However ...
There have been numerous news articles recently around ethical issues and conflict of interest. Below are some resources that might assist your organisation to deal with this ongoing and widespread issue.
It is considered good governance for organisations to appoint separate persons as the Chief Executive Officer (CEO) and the Company Secretary of the organisation. While it has been the practice in some organisations, particularly not-for-profit organisations, to appoint the CEO as the company secretary, it is good governance for another member of the management team to fulfil the secretarial role ... READ MORE
Released by CSA - September 2013
I have become aware since becoming involved in a charitable trust that there are some surprising management structures out there in well-meaning, dangerously innocent, trustee land. There appear to be some trusts set up at the instigation of a founder whose purpose is to provide himself with a job to wit, some of the former sportsmen who set up youth trusts. They seem to invite tame trustees on board and remain as a trustee or worse, to my mind, have themselves appointed as chair as well as the salaried or executive director or some similar title. Are they then, in effect, employing themselves, determining their own salary, allowances, performance levels etc? That management structure seems to me to be an unhappy state of affairs, at best, and riddled with potentially dangerous conflicts of interest.
Insightful observations and excellent questions! ... READ MORE
Released by NZ Lawyer - 2011
The following information provides guidance for all school boards, principals and employees on identifying and managing possible conflicts of interest.
Most boards of trustees members and their employees, including principals, teachers and non-teaching staff, will have a number of professional and personal interests and roles. These could include their role as a parent or other family/wh?nau relationships, their membership of a club, or their involvement in a business. Schools need to manage these situations to ensure any decisions they make are transparent, accountable and in the school's best interest. This is especially important considering the majority of activities in a school are funded by public money ... READ MORE
Released by the Ministry of Education
Government exists to serve the needs of the public. Governance exists to ensure those needs are served efficiently, effectively and fairly. It accomplishes that goal by providing clear processes and structures for all aspects of executive management. Decision-making. Strategic alignment. Managerial control. Supervision. Accountability ... READ MORE
Released by Deloitte Global
Companies continually claim that they do business ethically and in compliance with such anti-bribery and anti-corruption legislation and that it is only one or a few of them-those pesky rogue employees who have brought the company to grief. Even GlaxoSmithKline (GSK) is now beginning to distance itself from its Chinese business unit and executives who confessed to engaging in bribery and corruption to sell GSK products in China ... READ MORE
Released by Corporate Compliance Insights - September 2013