Is This a Conflict of Interest?

  oresome 19:19 10 Jan 2017
Locked

The Prime Minister has set up a blind trust to manage her financial interests since being elected to the post.

She apparently had no such arrangement whilst holding other senior positions within the Government.

A blind trust passes the day to day management of shareholdings and other financial assets to a third party. Obviously the owner is broadly aware of the holdings, but has no control over the timing of any trading that takes place which is at the discretion of the manager.

Given that members of the Government are often privy to price sensitive information, is this mechanism sufficiently robust to avoid accusations of insider dealing or profiteering?

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click here

  Burn-it 14:11 11 Jan 2017

It is as good as you are likely to get and should apply to all MPs The only alternative is to strip them of ALL assets - which "ain't gonna happen"

  oresome 16:07 11 Jan 2017

I agree with Burn-it. It's as good as we are likely to get and any controls could be circumvented if an MP was so determined.

We have to place some trust in our elected representatives and we don't want to make the job so onerous that no one will take it.

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