Telecom in USA: A “YUGE” Conflict of Interest Problem
Three cases of telecoms Conflict of Interest (CoI): case Berkeley, case FCC and case ICES – the CoI were possibly disclosed but does it mean that CoI were nullified and avoided?
Americans are very conscious about the potential Conflict of Interest. They find it, they point it out and… not always it matters. Currently ongoing presidential election’s political campaign is a very good reminder of the American consciousness about CoI, when we read in news media about the possible business links between Donald Trump and Vladimir Putin or the problems of foreign donors for the Clinton Foundation, where Hillary Clinton is involved.
It seems that the Conflict of Interest, not only in USA, is omnipresent – everyone has some of it – but not always it matters…
First, few definitions of the Conflict of Interest (CoI):
- Conflict of interest definition: A situation in which someone who has to make a decision in an official capacity stands to profit personally from the decision. For example, a judge who rules on a case involving a corporation in which he or she owns stock has a conflict of interest.
- In practice of law: judicial disqualification, also referred to as recusal, refers to the act of abstaining from participation in an official action such as a court case/legal proceeding due to a conflict of interest of the presiding court official or administrative officer.