Conflict of Interest (CoI)
A CoI arises when a public official's Private interests (financial/family) interfere with their Public duties.
| Definition of Conflict of Interest | - Situation where a public official's private interests (financial, familial, or past commercial) clash with public duty |
| Lateral Entry Ethical Concerns | - Risk of private sector domain experts favoring former corporate employers in regulatory, policy, or procurement decisions |
| Management & Mitigation Mechanisms | - Proactive Financial Disclosure: mandatory declaration of all personal assets, investments, and past clients upon entry - Mandatory Recusal: stepping down from any policy, tender, or regulatory decision involving former corporate entities - Cooling-off Period: statutory restriction preventing post-service private employment in regulated sectors for 1-2 years |
| High-Yield Ethics Data & Exemplars | - DoPT Lateral Entry Guidelines & 2nd ARC 4th Report Ethics in Governance - Santhanam Committee (1962) 2-year post-retirement commercial restriction recommendation |
| Conclusion | - Success lies in moving from private bias to **"Neutrality-Saturated and Disclosure-Verified Public Policy"** |