Introduction
In this episode we draw on examples of case law and whistleblower disclosures to illustrate the potential consequences of conflicts of interest and suggest practical strategies for responding to them.
Content
Officers of registered organisations have a responsibility to carry out their duties in good faith and in the best interests of the organisation. A personal interest may come into conflict with this responsibility. However through good governance, organisations can identify and manage conflicts of interest.
ROCpod was a monthly podcast created by the Registered Organisations Commission, which is now abolished. The obligations for registered organisations remain unchanged, with the functions transferred to the Fair Work Commission as the regulator from 6 March 2023. If you need further information please contact the Fair Work Commission on 1300 341 665 or email [email protected].
Episode 17: Good governance in practice – conflicts of interest
Content
Episode highlights
01:30 What is a conflict of interest?
03:10 Different types of conflicts of interest
07:10 Disclosure requirements under the RO Act
15:10 Case study: General Manager of the Fair Work Commission v McGiveron and Burton [2017]
20:10 Developing a speak up culture
Links
Disclaimer
ROCpod was the official podcast of the Registered Organisations Commission. It is copyright to the Commonwealth of Australia. The opinions expressed in ROCpod are the opinions of the particular speaker and not necessarily the opinions of the regulator.
This information is general and is not intended to be comprehensive, it is designed to assist in gaining an understanding of the relevant provisions of the legislation, the regulator and its work. The regulator is not able to provide legal or accounting advice.
For further information please see the registered organisations materials on our website or contact us at [email protected].