Directors of public entities have a duty to put the entities’ interests above any other interests or duties when carrying out their official role.
Guidance material for directors and boards
The VPSC has developed the Conflicts of interest and duty: A practical guide for directors of public entities, which will assist directors to identify and appropriately manage conflict of interest and duty, including by:
- Explaining the nature of conflict of interest and duty using short case studies to illustrate key points
- Providing guidance on organisation functions and relationships that are most likely to present a conflict of interest or duty risk
- Explaining directors’ core obligations and the sources of those obligations, including the Public Administration Act 2004 and the Code of conduct for directors of Victorian public entities
- Suggesting processes and procedures to assist directors to comply with their obligations
Guidance material for organisations
The Conflict of interest guidance for organisations page provides a model policy, declarations forms and other guidance to assist your organisation and employees to implement appropriate policies and processes to manage conflict of interest risk.