› Flat Chat Strata Forum › Talkin’ ’bout a renovation › Alterations and conflicts of interest › Current Page
Good response.
I used to work as a government auditor, and I have a lot of experience in auditing whether particular staff have a conflict of interest and whether it was handled correctly if they do.
There is nothing inherently “bad” in a conflict of interest – no one should ever be afraid or declaring one. What is “bad” is if someone has a conflict and doesn’t declare it because that means others involved in voting don’t know the full situation so they are voting based on partial information.
I’ve been reflecting on this and wondering when it’s sufficient to simply declare an interest and when it’s necessary to not participate in decision making. In government circles something like (iv) would require the individual to exclude themselves, despite their connection with the proposal being indirect, as scotlandx points out. Perhaps the private sector is different. To the extent that there’s nothing in the Act about this situation it clearly is.