Managing Conflict of Interest - Organisation for Economic Co ...

66 Managing Conflict of InterestImplementation of Asset Declaration LegislationCoverage of the LawsAll public officials and employees are subject to the requirementof asset declaration, except those who serve in an officialhonorary capacity, without service credit or pay, temporary laborers,and casual or temporary and contractual workers. This provisionis embodied in Section 1, Rule VIII (Review and ComplianceProcedure), of the Rules Implementing Republic Act 6713. Section1 requires filing under oath statements of assets, liabilities, and networth (SALNs) and disclosure of business interest and financial connectionswith the public official’s chief, or the head of the personnelor administrative division or unit, or the human resource managementoffice (HRMO). Public officials and employees under temporarystatus are also required to file under oath their SALNs and disclosureof business interest and financial connections in accordancewith the guidelines provided under these rules. Public officials andemployees are strictly required to fill in all applicable information ormake a true and detailed statement in their SALNs. 1Required Contents of SALN Asset Declaration RecordThe contents of the declaration are embodied in Rule VII, Section1(a), of the Rules Implementing the Code of Conduct and EthicalStandards for Public Officials and Employees. Statements mustoutline assets, liabilities, and net worth, and disclose all businessinterests and financial connections. The details of these two corerequirements are as follows.The statement of assets and liabilities and net worth (SALN) isa true detailed and sworn statement of assets and liabilities, includinga statement of the amounts and sources of the public official’s oremployee’s income, the amounts of his personal and family expenses,and the amount of income taxes paid for the next preceding calendaryear. 2 The SALN must contain information on the following:• Real property, its improvements, acquisition costs, assessedvalue, current fair market value;1This provision was revised and clarified by CSC Resolution No. 060231.2This Act was amended by RA 3047, PD 677, and PD 1288 in 1978.ADB/OECD Anti-Corruption Initiative for Asia and the Pacific