Applicants are required to declare whether or not their organisation or any member of your organisation has any conflict of interest. Where a conflict of interest exists, you will need to provide details of how the conflict is being managed.
A conflict of interest is where an individual has private interests that could improperly influence, or be seen to influence, their decisions or actions in the performance of their duties.
Conflicts may be actual, potential or perceived:
- Actual conflict of interest - there is a real conflict between an individual’s duties and private interests.
- Potential conflict of interest - an individual has private interests that could conflict with their duties. This refers to circumstances where it is foreseeable that a conflict may arise in future and steps should be taken now to mitigate that future risk.
- Perceived conflict of interest - the public or a third party could form the view that an individual’s private interests could improperly influence their decisions or actions, now or in the future.