What is a pecuniary interest?
February 21st, 2008We hear it at the beginning of every council meeting. “Are there any statements of a pecuniary interest?” But how many people really know the significance of this simple question?
The prime responsibility of elected officials is to act in the public interest. If a Council member has a pecuniary interest, it is possible that they will be influenced by it when contributing to debate, voting or performing other duties as a member of Council. Potentially a councillor could act to promote their own private interests, rather than the public good. Not only is this unethical…it is illegal.
