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Register Of Interests
A Register of Interests is a record kept, usually by a government body, of financial interests of its members. The register documents interests which may potentially unethically or unlawfully influence members' official duties. The term is in use in most Commonwealth countries. Jurisdiction Australia In 2019 Australia, it required "MPs to declare shares, directorships, real estate, gifts and more to demonstrate they represent their constituents without bias." United Kingdom The UK has had a register of interests since 1974. The UK register was reviewed and enhanced after the Cash for Questions scandal of 1994. This led to the Nolan enquiry which gave birth to the Report on Standards in Local Government. All holders of public office in the UK are bound to this code. The Parliament In modern politics, and history, a parliament is a legislative body of government. Generally, a modern parliament has three functions: Representation (politics), representing the Elec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bookkeeping
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. The person in an organisation who is employed to perform bookkeeping functions is usually called the bookkeeper (or book-keeper). They usually write the '' daybooks'' (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed govern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conflict Of Interest
A conflict of interest (COI) is a situation in which a person or organization is involved in multiple interests, financial or otherwise, and serving one interest could involve working against another. Typically, this relates to situations in which the personal interest of an individual or organization might adversely affect a duty owed to make decisions for the benefit of a third party. An "interest" is a commitment, obligation, duty or goal associated with a particular social role or practice. By definition, a "conflict of interest" occurs if, within a particular decision-making context, an individual is subject to two coexisting interests that are in direct conflict with each other. Such a matter is of importance because under such circumstances the decision-making process can be disrupted or compromised in a manner that affects the integrity or the reliability of the outcomes. Typically, a conflict of interest arises when an individual finds themselves occupying two soc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commonwealth Countries
The Commonwealth of Nations is a voluntary association of 56 sovereign states. Most of them were British colonies or dependencies of those colonies. No one government in the Commonwealth exercises power over the others, as is the case in a political union. Rather, the Commonwealth is an international organization in which countries with diverse social, political, and economic backgrounds are regarded as equal in status, and cooperate within a framework of common values and goals, as outlined in the Singapore Declaration issued in 1971. Such common values and goals include the promotion of democracy, human rights, good governance, the rule of law, civil liberties, equality before the law, free trade, multilateralism, and world peace, which are promoted through multilateral projects and meetings, such as the Commonwealth Games, held once every four years. The symbol of this free association is King Charles III, who serves as the Head of the Commonwealth. This position, however ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, smaller islands. With an area of , Australia is the largest country by area in Oceania and the world's List of countries and dependencies by area, sixth-largest country. Australia is the oldest, flattest, and driest inhabited continent, with the least fertile soils. It is a Megadiverse countries, megadiverse country, and its size gives it a wide variety of landscapes and climates, with Deserts of Australia, deserts in the centre, tropical Forests of Australia, rainforests in the north-east, and List of mountains in Australia, mountain ranges in the south-east. The ancestors of Aboriginal Australians began arriving from south east Asia approximately Early human migrations#Nearby Oceania, 65,000 years ago, during the Last Glacial Period, last i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cash For Questions
The "cash-for-questions affair" was a political scandal of the 1990s in the United Kingdom. It began in October 1994 when ''The Guardian'' newspaper alleged that London's most successful parliamentary lobbyist, Ian Greer of Ian Greer Associates, had bribed two Conservative Members of Parliament to ask parliamentary questions and perform other tasks on behalf of the Egyptian owner of Harrods department store, Mohamed Al-Fayed. Overview ''The Guardians report alleged that Al-Fayed had approached the paper and accused Ian Greer of paying then-MPs Neil Hamilton and Tim Smith to table parliamentary questions on his behalf at £2,000 a time. Smith resigned immediately after admitting to accepting payments from Al-Fayed himself, but not from Greer as ''The Guardian'' had alleged. Hamilton and Greer immediately issued libel writs in the High Court against ''The Guardian'' to clear their names. The furore prompted the then-prime minister John Major to instigate the Nolan Committee, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lord Nolan
Michael Patrick Nolan, Baron Nolan, (10 September 1928 – 22 January 2007) was a judge in the United Kingdom, and from 1994 until 1997 was the first chairman of the Committee on Standards in Public Life. In the words of his obituary in ''The Guardian'', "Lord Nolan .. made a profound mark on national life by substantially cleansing the Augean stable of corrupt politics as founding chairman of the Committee on Standards in Public Life." Early and private life Nolan was the son of James Nolan, a solicitor, and his wife, Jane Nolan. His father's family had left County Kerry in the mid-19th century. Lord Nolan cited his parents as "the first and foremost influences on my life". The Nolan family lived in Bexhill-on-Sea. He, his elder brother, James "Jim" Nolan (died 2001) and his nephews, James, Rossa and Luke, all attended Ampleforth College. After two years of national service in the Royal Artillery, from 1947 to 1949, he read law at Wadham College, Oxford, where he was awar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Committee On Standards In Public Life
The Committee on Standards in Public Life (CSPL) is an advisory non-departmental public body of the United Kingdom Government, established by John Major in 1994 to advise the Prime Minister on ethical standards of public life. It promotes a code of conduct called the Seven Principles of Public Life, also known as the Nolan principles after the first chairman of the committee, Lord Nolan. Function The Committee on Standards in Public Life is an independent advisory non-departmental public body, with a secretariat and budget provided by the Cabinet Office. The committee advises and makes recommendations to the prime minister on ethical standards in public life. It can conduct inquiries and collect evidence to assess institutions, policies and practices. It is formally responsible for: * advising the Prime Minister on ethical issues relating to standards in public life * conducting broad inquiries into standards of conduct * making recommendations as to changes in present arrangemen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament
In modern politics, and history, a parliament is a legislative body of government. Generally, a modern parliament has three functions: Representation (politics), representing the Election#Suffrage, electorate, making laws, and overseeing the government via hearings and inquiries. The term is similar to the idea of a senate, synod or congress and is commonly used in countries that are current or former monarchies. Some contexts restrict the use of the word ''parliament'' to parliamentary systems, although it is also used to describe the legislature in some presidential systems (e.g., the Parliament of Ghana), even where it is not in the Legal name, official name. Historically, parliaments included various kinds of deliberative, consultative, and judicial assemblies, an example being the French medieval and early modern parlements. Etymology The English term is derived from Anglo-Norman language, Anglo-Norman and dates to the 14th century, coming from the 11th century Old ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accountability
Accountability, in terms of ethics and governance, is equated with answerability, blameworthiness, liability, and the expectation of account-giving. As in an aspect of governance, it has been central to discussions related to problems in the public sector, nonprofit and private (corporate) and individual contexts. In leadership roles, accountability is the acknowledgment and assumption of responsibility for actions, products, decisions, and policies including the administration, governance, and implementation within the scope of the role or employment position and encompassing the obligation to report, explain and be answerable for resulting consequences. In governance, accountability has expanded beyond the basic definition of "being called to account for one's actions". It is frequently described as an account giving relationship between individuals, e.g. "A is accountable to B when A is obliged to inform B about A's (past or future) actions and decisions, to justify them, and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
