Financial disclosure of public servants
Financial disclosure of public servants(asset declaration) is a disclosure of financial information bypublic servants.It is a requirement of theUnited Nations Convention against Corruption(UNCAC).
History
[edit]Not countingstates in the USA,the firstcountrywhich made declarations available to public wasUnited Kingdomin 1974,[1]when theHouse of Commonsintroduced theRegister of Members' Financial Interests.Following theWatergate scandalfinancial disclosure of public officials was made a requirement in theUnited Statesby itsEthics in Government Actof 1978.[2]In 1980-th most of European countries disclosed public assets declarations. Italy in 1982,[1]Portugal - 1983.[1]
In Eastern European countries[which?](ex-USSR) declarations were not gathered not before 1990[citation needed].
Asset declaration aims to increase transparency and the trust, prevent and resolveconflicts of interest,and monitor wealth either to discourage from misconduct or to provide additional evidence.
Conflict of interest control
[edit]The UNCAC states that the conflict of interest is a criterion which determines what information should be disclosed[citation needed].TheOrganisation for Economic Co-operation and Development(OECD) defines conflict of interest as "a conflict between the public duty and private interests of a public official, in which the public official has private-capacity interests which could improperly influence the performance of their official duties and responsibilities".[3]
See also
[edit]References
[edit]- ^abc"Asset Declarations for Public Officials. A TOOL TO PREVENT CORRUPTION (English). 2011. с. 22"(PDF).OECD.Archived(PDF)from the original on 8 February 2016.Retrieved21 June2017.
- ^"Financial Disclosure by Federal Officials and Publication of Disclosure Reports"(PDF).Federation of American Scientists.Archived fromthe original(PDF)on 28 March 2014.Retrieved21 June2017.
- ^"Recommendation of the Council on OECD Guidelines for Managing Conflict of Interest in the Public Service".OECD. 28 May 2003. Archived fromthe originalon 8 November 2017.Retrieved8 November2017.