Chinese Walls are information barriers within organizations designed to prevent conflicts of interest by restricting the flow of information between departments. This practice is critical in maintaining integrity and trust in financial, legal, and corporate environments.
Recusal refers to the act of abstaining from participation in an official capacity due to a potential conflict of interest. This ensures impartiality and fairness in decision-making processes.
A blind trust is a trust where the assets are not disclosed to the owner, preventing potential conflicts of interest while the owner is in an official public capacity.
