Conflicts of Interest in Business – Who should pay?

Businessdictionary.com defines a ‘conflict of interest’ as ‘a situation that has the potential to undermine the impartiality of a person because of the possibility of a clash between the person’s self-interest and professional interest or public interest.’ This behaviour has become a growing concern for the NHS in reviewing how some executives have behaved in discharging their duties and, ‘Perry Beeches The Academy Trust is set to be broken up by the Government after a report showed it paid nearly £1.3 million to a business called Nexus Schools Ltd, which paid £160,000 to a business owned by Mr Nolan, who was already paid £120,000 a year for his work as a head teacher.’ This is further compounded by the fact that the Trust also employed Mr Nolan’s niece and nephew.

Yet with such a profound impact on the Trust, rather than the individuals involved, we ask the question, who should pay for these conflicts of interest, and does it really matter to the extent that a Academy Trust is broken up with potentially detrimental effects on both pupils and the wider Academy structure in the education system.

Take a listen, and let us know your thoughts in the comments below?

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