What Is an Organizational Conflict of Interest?

104 15

    Personal Benefit

    • OCI exists when personal or professional interests of a person affect the person's ability to put his interests aside.

    Types

    • 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.

    Costs

    • 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.

    Trust

    • 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.

    Categories

    • Potential OCI problems are unequal access to information, impaired objectivity and biased ground rules.

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

Leave A Reply

Your email address will not be published.

"Law & Legal & Attorney" MOST POPULAR