At Arm's Length: Using Fiduciary Management to Prevent and Resolve Conflicts of Interest

One possible way to resolve certain types of conflicts of interest is to put a public official's assets under fiduciary management and curtail the owner's discretion over them. Among mechanisms of this kind, the most well-known are probably blind trusts. They have been widely used in the United Kingdom and the United States, as well as in Australia, Canada, and New Zealand, and have been tested in several other countries, including those in Eastern Europe and Latin America.