FACTOID # 115: American planes take-off a staggering 8.5 million times per year - almost half the number of take-offs worldwide.
 
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Encyclopedia > Vested interest

A vested interest is the state or condition of having a special interest in protecting or supporting something for the purpose of self-interest, gain or benefit, often financially or politically. By way of protecting their vested interests, individuals, groups or other entities may seek to maintain a status quo. However, if changing a system works in one's favour, supporting or effecting such change may also be in one's vested interest. "Vested interests" may also refer collectively to individuals or groups which seek to maintain a favourable state of affairs. In law vesting is to give an immediately secured right of present or future enjoyment. ... Self-interest can refer to any of the following concepts: Egoism Selfishness Ethical egoism Psychological egoism Individualism Objectivist ethics Hedonism Epicureanism Enlightened self-interest This is a disambiguation page: a list of articles associated with the same title. ... Status Quo are an English rock band whose music is characterised by a strong boogie line. ...


A politician may therefore be said to have a vested interest in making a particular decision or achieving a particular outcome. For example, if the politician owns shares in a company which may be awarded a lucrative government contract, he or she may have a vested interest in seeing that the company wins the contract. Conversely, a company which would benefit from a change in government policy will have a vested interest in the successful election of a candidate who supports such a change. Politicians are often required to declare financial interests and/or divest themselves of any asset or influence which may be seen as or lead to a conflict of interest. Failing to do so may amount to political corruption. Look up share on Wiktionary, the free dictionary. ... A company is, in general, any group of persons, which are known as its members, united to pursue a common interest. ... Declarations of financial interests are a means of making conflict of interests of people in public office known and to reduce them by making them public. ... A conflict of interest is a situation in which someone in a position of trust, such as a lawyer, a politician, or an executive or director of a corporation, has competing professional or personal interests. ... World map of the Corruption Perceptions Index, which measures the degree to which corruption is perceived to exist among public officials and politicians In broad terms, political corruption is the misuse by government officials of their governmental powers for illegitimate, usually secret, private gain. ...


See also


  Results from FactBites:
 
vested interest: Definition and Much More From Answers.com (694 words)
A vested interest is the state or condition of having a special interest in protecting or supporting something for the purpose of self-interest, gain or benefit, often financially or politically.
For example, if the politician own shares in a company which may be awarded a lucrative government contract, he or she may have a vested interest in seeing that the company wins the contract.
Politicians are often required to declare financial interests and/or divest themselves of any asset or influence which may be seen as or lead to a conflict of interest.
  More results at FactBites »


 

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