Science Fair Project Encyclopedia
Vested interest
Vested interests are people or groups who stand to gain - usually financially - from some policy, often a public policy.
A person can also be said to have a vested interest. For example, a Local Councillor or Member of Parliament may own shares in a company which is being considered for a profitable Public Contract . Elected Representative are usually required to declare all relevant vested interests. Failing to declare any vested interest is seen as corruption. An Elected Representative is a person who has won a democratic election.
10-26-2009 08:16:03
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details