What does self-dealing mean?

Definitions for self-dealing
self-deal·ing

This dictionary definitions page includes all the possible meanings, example usage and translations of the word self-dealing.

Wikidata

  1. Self-dealing

    Self-dealing is the conduct of a trustee, an attorney, a corporate officer, or other fiduciary that consists of taking advantage of his position in a transaction and acting for his own interests rather than for the interests of the beneficiaries of the trust, corporate shareholders, or his clients. Self-dealing may involve misappropriation or usurpation of corporate assets or opportunities. Self-dealing is a form of conflict of interest. Political scientists Ken Kernaghan and John Langford, in their book “The Responsible Public Servant”, define self-dealing as “a situation where one takes an action in an official capacity which involves dealing with oneself in a private capacity and which confers a benefit on oneself." Michael McDonald, Ph.D, Chair of Applied Ethics at The University of British Columbia provides examples based from this book: “You work for government and use your official position to secure a contract for a private consulting company you own” or “using your government position to get a summer job for your daughter”. Where a fiduciary has engaged in self-dealing, this constitutes a breach of the fiduciary relationship. The principal of that fiduciary may sue and both recover the principal's lost profits and disgorge the principal's wrongful profits.

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Numerology

  1. Chaldean Numerology

    The numerical value of self-dealing in Chaldean Numerology is: 5

  2. Pythagorean Numerology

    The numerical value of self-dealing in Pythagorean Numerology is: 4

Examples of self-dealing in a Sentence

  1. Susan Lerner:

    The public does not view this as business as usual, this jury is saying that self-dealing and back-scratching is not an acceptable way for a public servant to behave.

  2. Kenneth Gross:

    He's making money off the campaign, presumably, as profit for these companies that are servicing the campaign, whether it's a vineyard, you know, selling wine to the campaign, or whether it's hotels, or selling space at Mar-a-Lago, or the airline, now he may promote that as part of his business acumen: ‘Look, I'm a candidate plus I'm making money.’ But that can come back to haunt, as well; I mean, you know, people may say, ‘Wait a minute, it looks like too much self-dealing here.’.

  3. Illinois Gov. JB Pritzker:

    An indictment of this magnitude is a condemnation of a system infected with promises of pay-to-play, and the era of corruption and self-dealing among Illinois politicians must end, the conduct alleged in this indictment is deplorable and a stark violation of the public's trust. Michael Madigan must be held accountable to the fullest extent of the law.

  4. Deborah Hellman:

    We've depended on a combination of legal requirements and norms to prevent conflicts of interest and self-dealing, once norms get broken, it's hard to put them back together again.

Translation

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"self-dealing." Definitions.net. STANDS4 LLC, 2024. Web. 19 Mar. 2024. <https://www.definitions.net/definition/self-dealing>.

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