Conflicts of interest arise when there is?conflict between the private interests and the official responsibilities of an individual in a position of trust. In other words, situations where a board member may derive personal benefits for themselves, friends, or families from actions or decisions made through their board involvement. Conflicts of interest can be real or perceived.
For example, board members should not:
- directly or indirectly benefit from a transaction where they can influence decisions made by the ABC
- use their position to solicit clients for business purposes
- accept fees, gifts, gratuities or other benefits which could reasonably be considered to influence their/board decisions
- make use of any privileged information to their personal gain or the gain of others
To ensure ABCs are governed in the public interest, potential appointees are asked to disclose any obligation, commitment, relationship or interest that could conflict or may be perceived to conflict with their duties to or interests of the agency, board or commission to which they are seeking appointment.
For additional information, see the ‘Conflict of Interest’ section on the ABC?application.