What is a conflict of interest?

A conflict of interest will arise if you have an interest that conflicts (or might conflict, or might be perceived to conflict) with an interest of the TEI council. In essence, you should ask yourself:

• Does my other interest create an incentive for me to act in a way that may not be in the best interests of the TEI?

If the answer is “yes”, a conflict of interest exists or may be perceived to exist, regardless of whether you would actually act on that incentive.

TEI councils must ensure they have robust processes to help their members identify and declare their conflicts of interest, and ensure that any interests are recorded and appropriately managed.

We have created a guide to managing conflicts of interest. 

A guide to managing conflicts of interest for TEI councils (PDF, 704 KB) 

In the guide you can find out more about:

• What a conflict of interest is
• Legislative requirements for managing conflicts of interest
• Good practice for managing conflicts of interest
• What you can do to manage your conflict of interest
• Three conflicts of interest scenarios and how they were managed
• Types of conflicts of interest.

Managing conflicts of interest: Guidance for public entities