Conflict of interest

Discussion in 'Australian Motorcycles' started by James Harvey, Oct 24, 2004.

  1. James Harvey

    James Harvey Guest

    James Harvey, Oct 24, 2004
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  2. James Harvey

    DaZZa Guest

    How in hell is it a conflict of interest?

    Does he, personally, have control over which company the NSW police
    service or RTA buys speed cameras from?

    Is he, personally, behind the drive to install speed & red light cameras
    everywhere, including up Aunt Fanny's arse?

    Does he, personally, sit out & take photos with said speed cameras, and
    use them excessively to make them seem like a good idea so the NSW
    police service & RTA will buy more of them?

    I don't know the answer to the first question, but I'd suspect it's
    "no". I'm 100% sure the answer to the second question is a resounding
    "No" - the driver for this one is coming from the politicians, not the

    Since he's a chief superintendent, I seriously doubt the answer to the
    third question is yes either.

    So where is the conflict of interest? How is the fact he owns shares in
    a company which makes & sells speed & red light cameras directly
    benefitted by his position?

    DaZZa, Oct 25, 2004
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  3. James Harvey

    IK Guest

    Chicken and egg... it can always work the other way around... wait for
    contract to be signed, then buy shares accordingly.
    As a chief superindendent, he'd be someone with at least a modicum of access
    to the higher ups who make the decisions, wouldn't he?
    No, but he has underlings whose operating procedures he can influence to
    that effect.

    There's a mob in the UK, called Transport2000, who lobby for evermore speed
    cameras, lower speed limits and the introduction of active speed limiters in
    all vehicles. They portray themselves as being made up of ordinary concerned
    citizens fed up with the fact that noone seems to think of the children.

    Their chief corporate backer is a company making its money from GPS tracking
    systems for buses.

    I suppose you think everything's halal there, too...
    IK, Oct 25, 2004
  4. James Harvey

    Nev.. Guest

    The article reports that he is the state's top traffic cop, and as such he is
    almost certainly on the board or committee which makes decisions related to
    speed camera purchases and probably a signatory on contracts with speed camera
    Dividends and capital gains for starters...

    '03 ZX12R
    Nev.., Oct 25, 2004
  5. I own shares in Redflex. If I ever get done by a camera can I claim
    "conflict of interest" too!
    Pisshead Pete, Oct 25, 2004
  6. James Harvey

    abacus Guest

    Because he is, or could perceived to be, in possession of non-public
    information that could have a bearing on the market price of his shares. It
    is ethically and morally and legally wrong of him to take advantage of his
    public position (or of inside information derived from his position) to
    derive personal gain or profit. Whether or not he does benefit from his
    position is irrelevant. He must be, and be seen to be, squeaky clean. This
    applies to many professions. Off the track slighly, if he was a smart copper
    he'd have set up a blind trust like those upright members of our parliament.
    One rule for them, another for the rest of us poor bastards.

    abacus, Oct 25, 2004
  7. James Harvey

    abacus Guest

    only if you knew in advance you were going to get done and used that
    information to punt on the affect of your piccie on the fortunes of the
    company's shares.....

    abacus, Oct 25, 2004
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