During the seventies and eighties, organisations started to realise that the improper use of power and authority and undeclared and/or ineffectively managed conflicts of interest, posed a significant risk to their integrity and public trust. The requirement for ethical business dealings focuses the spotlight on conflicts of interests and the factors involved in creating […]
Fraud is enormously detrimental to Australian organisations, with KPMG putting the average cost of each case in 2015 at $1.4 million. There can be a number of reasons why an employee commits fraud, such as personal financial pressures, personality traits, rationalisation, and opportunity. Since it’s fairly impossible to control other people’s personalities, thoughts and […]
Conflict of Interest: A Source of Corruption in Government It is an unfortunate reality that supposedly small conflicts of interest can grow into fully-fledged corruption. Within government, conflicts of interest can at first seem like the most minor of issues. Certainly, small favours might be given or suppliers provided with minor inside information. Perhaps friends […]