Financial Disclosure
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Financial Disclosure
Financial disclosure of public servants (asset declaration) is a disclosure of financial information by public servants. It is a requirement of the United Nations Convention against Corruption (UNCAC). History Not counting states in the USA, the first country which made declarations available to public was United Kingdom in 1974, when the House of Commons introduced the Register of Members' Financial Interests. Following the Watergate scandal financial disclosure of public officials was made a requirement in the United States by its Ethics in Government Act of 1978. In 1980-th most of European countries disclosed public assets declarations. Italy in 1982, Portugal - 1983. In Eastern European countries (ex-USSR) declarations were not gathered not before 1990. Asset declaration aims to increase transparency and the trust, prevent and resolve conflicts of interest, and monitor wealth either to discourage from misconduct or to provide additional evidence. Conflict of interest c ...
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Public Servant
The civil service is a collective term for a sector of government composed mainly of career civil servants hired on professional merit rather than appointed or elected, whose institutional tenure typically survives transitions of political leadership. A civil servant, also known as a public servant, is a person employed in the public sector by a government department or agency for public sector undertakings. Civil servants work for central and state governments, and answer to the government, not a political party. The extent of civil servants of a state as part of the "civil service" varies from country to country. In the United Kingdom (UK), for instance, only Crown (national government) employees are referred to as "civil servants" whereas employees of local authorities (counties, cities and similar administrations) are generally referred to as "local government civil service officers", who are considered public servants but not civil servants. Thus, in the UK, a civil servant is ...
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Country
A country is a distinct part of the world, such as a state, nation, or other political entity. It may be a sovereign state or make up one part of a larger state. For example, the country of Japan is an independent, sovereign state, while the country of Wales is a component of a multi-part sovereign state, the United Kingdom. A country may be a historically sovereign area (such as Korea), a currently sovereign territory with a unified government (such as Senegal), or a non-sovereign geographic region associated with certain distinct political, ethnic, or cultural characteristics (such as the Basque Country). The definition and usage of the word "country" is flexible and has changed over time. ''The Economist'' wrote in 2010 that "any attempt to find a clear definition of a country soon runs into a thicket of exceptions and anomalies." Most sovereign states, but not all countries, are members of the United Nations. The largest country by area is Russia, while the smallest is ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ...
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OECD
The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade. It is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are high-income economies with a very high Human Development Index (HDI), and are regarded as developed countries. Their collective population is 1.38 billion. , the OECD member countries collectively comprised 62.2% of global nominal GDP (US$49.6 trillion) and 42.8% of global GDP ( Int$54.2 trillion) at purchasing power parity. The OECD is an official United Nations observer. In April 1948, ...
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House Of Commons
The House of Commons is the name for the elected lower house of the bicameral parliaments of the United Kingdom and Canada. In both of these countries, the Commons holds much more legislative power than the nominally upper house of parliament. The leader of the majority party in the House of Commons by convention becomes the prime minister. Other parliaments have also had a lower house called a "House of Commons". History and naming The House of Commons of the Kingdom of England evolved from an undivided parliament to serve as the voice of the tax-paying subjects of the counties and of the boroughs. Knights of the shire, elected from each county, were usually landowners, while the borough members were often from the merchant classes. These members represented subjects of the Crown who were not Lords Temporal or Spiritual, who themselves sat in the House of Lords. The House of Commons gained its name because it represented communities (''communes''). Since the 19th century, ...
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Register Of Members' Financial Interests
The Parliamentary Commissioner for Standards is an officer of the British House of Commons. The work of the officer is overseen by the Commons Select Committee on Standards. The current commissioner is Kathryn Stone. Duties The commissioner is in charge of regulating MPs' conduct and propriety. One of the commissioner's main tasks is overseeing the ''Register of Members' Financial Interests'', which is intended to ensure disclosure of financial interests that may be of relevance to MPs' work. The Commissioner is the decision-maker in cases from the Independent Complaints and Grievance Scheme where the respondent is a Member of Parliament. If the Commissioner deems a sanction warranted, they refer cases to the Independent Expert Panel so the appropriate sanction can be determined. The Parliamentary Commissioner for Standards is appointed by a resolution of the House of Commons for a fixed term of five years and is an independent officer of the House, working a four-day week. The ...
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Watergate Scandal
The Watergate scandal was a major political scandal in the United States involving the administration of President Richard Nixon from 1972 to 1974 that led to Nixon's resignation. The scandal stemmed from the Nixon administration's continual attempts to cover up its involvement in the June 17, 1972, break-in of the Democratic National Committee headquarters at the Washington, D.C., Watergate Office Building. After the five perpetrators were arrested, the press and the Justice Department connected the cash found on them at the time to the Committee for the Re-Election of the President. Further investigations, along with revelations during subsequent trials of the burglars, led the House of Representatives to grant the U.S. House Judiciary Committee additional investigative authority—to probe into "certain matters within its jurisdiction", and led the Senate to create the U.S. Senate Watergate Committee, which held hearings. Witnesses testified that Nixon had approved plans t ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Ethics In Government Act
The Ethics in Government Act of 1978 is a United States federal law that was passed in the wake of the Nixon Watergate scandal and the Saturday Night Massacre. It was intended to fight corruption in government. Summary The Ethics in Government Act of 1978 is organized into six titles. It created mandatory, public disclosure of financial, and employment history of public officials as well as their immediate families. It also created restrictions on lobbying efforts by public officials for a set period after leaving public office. Lastly, it created the U.S. Office of Independent Counsel, tasked with investigating government officials. Title I Title I requires those in the public service sector to fill out financial disclosure forms which include the sources and amounts of income, gifts, reimbursements, the identity and approximate value of property held and liabilities owed, transactions in property, commodities, and securities, and certain financial interests of a spouse or d ...
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Federation Of American Scientists
The Federation of American Scientists (FAS) is an American nonprofit global policy think tank with the stated intent of using science and scientific analysis to attempt to make the world more secure. FAS was founded in 1946 by scientists who worked on the Manhattan Project to develop the first atomic bombs. The Federation of American Scientists aims to reduce the amount of nuclear weapons that are in use, and prevent nuclear and radiological terrorism. They hope to present high standards for nuclear energy's safety and security, illuminate government secrecy practices, as well as track and eliminate the global illicit trade of conventional, nuclear, biological and chemical weapons. With 100 sponsors, the Federation of American Scientists says that it promotes a safer and more secure world by developing and advancing solutions to important science and technology security policy problems by educating the public and policy makers, and promoting transparency through research and ana ...
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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 ...
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