What Is an Organizational Conflict of Interest?
- OCI exists when personal or professional interests of a person affect the person's ability to put his interests aside.
- The types of individuals or entities who are required to comply with OCI laws are government contractors, sub-contractors and affiliates of contractors, any entities owned by the prime contractor and chief executives and directors.
- Effectively practicing OCI rules helps to ensure that money will not be wasted. OCI laws help to make sure that the best-qualified, rather than the best-connected contractor is used.
- Eliminating OCI will create more trust in government endeavors. The public expects that preferential treatment not be granted to anyone and that insider deals be stopped.
- Potential OCI problems are unequal access to information, impaired objectivity and biased ground rules.