Self-dealing

Self-dealing trustee, an attorney, a corporate officer, or other fiduciary that consists of taking advantage of his position in a transaction and acting for his own interests rather than for the interests of the beneficiaries of the trust, corporate shareholders, or his clients. Self-dealing may involve misappropriation or usurpation of corporate assets or opportunities.

One of the more current and widely agreed on definitions is from political scientists Ken Kernaghan and John Langford in their book “The Responsible Public Servant”. They define self-dealing as “a situation where one takes an action in an official capacity which involves dealing with oneself in a private capacity and which confers a benefit on oneself."

Michael McDonald, Ph.D, Chair of Applied Ethics at The University of British Columbia provides examples based from this book: “You work for government and use your official position to secure a contract for a private consulting company you own.” and “using your government position to get a summer job for your daughter”.

External References

• Ethics and Conflicts of Interest