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

38 Managing Conflict of InterestAsset Disclosure in PracticeHow does asset disclosure work in practice? Perhaps the bestway to find out is to examine the actual form a public official isrequired to file. Like all senior officials in the executive, legislative,and judicial branches of the American federal government, PresidentGeorge H. W. Bush is required to declare his income andassets, gifts, reimbursements, outstanding debts, and positionsheld outside government each year. His completed form for eachyear can be found on a number of Web sites.Excerpt from Financial Disclosure Reportof US President George H. W. BushThe chart above displays one page from one of the annual reports President Bush has filed—page three of the 13 pages he filed in 2005 listing his assets. There he lists each asset separatelyalong with its value and any income earned from it during the year.Many know that President Bush owns a ranch in Texas wherehe often vacations and where he occasionally entertains worldleaders. Line seven on figure one shows that this ranch consists ofADB/OECD Anti-Corruption Initiative for Asia and the Pacific