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"35. Your conflict of interest policy."
by jdkee 7y ago
"35. Your conflict of interest policy."
- ocdtrekkie 7y agoAfter the long list of extensively specific requests for details regarding the sale and the price cap removal and communications between each of these organizations, point 35 felt like a punchline to read. It makes it clear they know exactly what issue they're sussing out with these requests.
- londons_explore 7y agoDoes a conflict of interest actually make something illegal? I was under the impression that while best practice to declare and avoid conflicts of interest, it was not actually illegal as long as the motives for each decision were defensible.
- dchyrdvh 7y ago35 isn't a request, but a message from a powerful politician to the people behind the sale. It's hard to guess the exact meaning without full context, but I think it's "I know enough. If you want to proceed with the sale, you have to give me the names and I'll send some of them to prison." They may try to call his bluff, but they'll be sorry if he indeed knows something.
- lmkg 7y agoConflict of interest may not generally be illegal, but it can be illegal under specific circumstances, especially if undisclosed. Especially things that get filed with the SEC. I would assume a lot of decisions made at the board and C-suite level have stricter requirements for this.
- jjeaff 7y agoI believe a 501c3 is bound by their charter which would presumably include this conflict of interest policy. Not doing so could cause loss of non-profit status and probably other fines and penalties.