Corporate Governance Framework
Private interests and public duty
78. As a public office-holder you must uphold the principles of public life and ensure that your behaviour is above suspicion.
79. You must not use information gained in your work as a Commissioner to advance your private financial or other interests, or to advance the interests of other persons. You are reminded that in some circumstances, using information in this way could be regarded as insider dealing and an offence under the Criminal Justice Act 1993 (opens in new tab). An example of this would be dealing on a regulated market in securities the price of which would be significantly affected if information you have access to were to be made public.
80. You must not participate in the taking of any decision which could affect the value of your private financial or other interests, or the financial or other interests of those to whom you had given investment advice. Such a conflict could result in legal action, against the Commission and against you.
81. You should also consider whether you should disclose the interests of any other persons or organisations (for example, investments by a charity where you are a trustee) where a reasonable person might think that those interests could influence your judgement.Previous section
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Last updated: 27 February 2023
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