In this second part of the note, I will attempt a simplified explanation of a very difficult subject – conflict of interest. MeaningConflict of interest occurs when a person (an agent) is in a position where her personal interest interferes with the interest of another person (her principal) for whom and in whose interest she is supposed to act. Enormity of the RuleI’m sure you’re by now intimidated by the enormity of the conflict of interest rules. The standard is “potential” conflict of interest, namely, the officer merely “putting himself in the position.” The standard is NOT “actual” conflict of interest. In other words, disclosure of personal interest is an integral part of the conflict of interest rules.
Source: GhanaWeb January 02, 2018 05:26 UTC