Conflicts of interest in the public sector
The Governance Institute has updated its Good Governance Guide on conflicts of interest in the public sector.
Managing conflicts of interest is a perennial issue for all organisations. But this is particularly important in the public sector where conflicts or perceived conflicts of interest have the potential to undermine public confidence and the integrity of the entity.
The Good Governance Guide was updated to take into account important guidance recently issued by the NSW Independent Commission Against Corruption: Managing Conflicts of interest in the NSW Public Sector.
The Good Governance Guide highlights the important issue that there is nothing necessarily wrong in having a conflict of interest. But the crucial aspect is that the conflict is declared and managed to protect the public interest.
The updated guide covers:
- what is a conflict of interest
- acting in the public interest
- risk management
- examples of types of conflicts of interest
- how to manage conflicts of interest
- the importance of an ethical culture.
We included a comprehensive list of resources from both the Governance Institute and the integrity agencies of each of the states and the Commonwealth at the end of the guide.
Download the new guide
The guide is a useful addition to induction packs for boards of public sector entities. It is also a good starting point for the board’s discussion on conflicts of interest.