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Virginia Conflict of Interest and Ethics Advisory Council STATE AND LOCAL STATEMENT OF ECONOMIC INTERESTS Issued December 2019Contents Instructions ...................................................................................................................
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Conflict of interest refers to a situation in which a person or organization is involved in multiple interests, financial or otherwise, that could potentially influence their judgment and actions.
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Individuals in positions of authority or responsibility, such as public officials, board members, and employees of certain organizations, are usually required to file conflict of interest forms.
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The purpose of conflict of interest forms is to promote transparency and integrity in decision-making processes by identifying and managing potential conflicts of interest.
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Information that must be reported on conflict of interest forms may include financial interests, relationships with outside organizations, gifts received, and potential conflicts that may arise from personal activities.
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