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(Rev. 04/26/2016)STATEMENT OF ECONOMIC INTERESTS
Virginia Conflict of Interest and Ethics Advisory Council
Contents
Instructions
Definitions and Explanatory Material
Statement of Economic Interests
Affirmation
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How to fill out statement of economic interests
How to fill out statement of economic interests:
01
Start by obtaining the necessary form: Contact the relevant organization or government agency that requires a statement of economic interests. They will provide you with the specific form you need to fill out.
02
Read the instructions carefully: Take the time to thoroughly read the instructions provided with the form. This will ensure that you understand the information you are required to disclose and any specific guidelines or requirements.
03
Provide personal information: Begin by filling out your personal details such as your name, contact information, and any identification numbers required.
04
Provide financial information: The statement of economic interests typically requires information about your financial interests, assets, and investments. Be prepared to disclose details about your bank accounts, stocks, real estate, and any other significant financial holdings you may have.
05
Disclose sources of income: You will likely need to provide information about your sources of income, including employment, business ownership, and any other sources of revenue. This may include salary, dividends, rental income, or any other financial gains.
06
Report any gifts received: Some statements of economic interests require individuals to disclose any significant gifts or contributions they have received. Make sure to provide accurate and detailed information about any gifts, as specified in the form.
07
Review and double-check: Before submitting the statement, carefully review all the information you have provided. Make sure every section is completed accurately and that you have not missed any important details.
Who needs a statement of economic interests:
01
Public officials: Elected officials, government employees, and individuals serving in legislative bodies often need to disclose their economic interests. This helps ensure transparency and avoids conflicts of interest.
02
Candidates for public office: Candidates running for political positions may be required to file a statement of economic interests to provide transparency to voters and potential conflicts of interest.
03
Certain employees in regulated industries: Some industries, such as banking, finance, or energy, may require employees to disclose their economic interests. This helps ensure fair and ethical practices within these industries.
Overall, the statement of economic interests is necessary for individuals in positions where their financial interests could potentially influence their decision-making process. It aims to promote transparency, accountability, and ethical behavior.
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What is statement of economic interests?
Statement of economic interests is a disclosure form that requires individuals to report financial interests and potential conflicts of interest.
Who is required to file statement of economic interests?
Certain public officials, government employees, and candidates for public office are required to file statement of economic interests.
How to fill out statement of economic interests?
Individuals can typically fill out statement of economic interests forms online or in person, providing detailed information about their financial interests.
What is the purpose of statement of economic interests?
The purpose of statement of economic interests is to promote transparency and accountability by identifying potential conflicts of interest that could influence decision-making.
What information must be reported on statement of economic interests?
Information such as sources of income, investments, real estate holdings, and gifts received must be reported on statement of economic interests.
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