{"id":3399,"date":"2026-11-01T09:26:50","date_gmt":"2026-11-01T14:26:50","guid":{"rendered":"https:\/\/www.edtij.com\/en\/?p=3399"},"modified":"2026-11-01T09:54:20","modified_gmt":"2026-11-01T14:54:20","slug":"conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too","status":"publish","type":"post","link":"https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/","title":{"rendered":"Conflict of Interest: Why Law 316 Is Now the Private Sector&#8217;s Concern Too"},"content":{"rendered":"<style>.edtij-article,.edtij-article *,.edtij-article *::before,.edtij-article *::after{box-sizing:border-box}.edtij-article{width:100%;max-width:780px;margin:0 auto;padding:64px 32px 96px;font-family:'Georgia',serif;color:#1a1a1a;line-height:1.85;font-size:17px}.edtij-article .article-category{font-family:'Helvetica Neue',Arial,sans-serif;font-size:11px;font-weight:600;letter-spacing:2.5px;text-transform:uppercase;color:#8a0000;margin:0 0 20px}.edtij-article .article-meta{display:flex;align-items:center;gap:16px;margin:0 0 48px;padding-bottom:24px;border-bottom:1px solid #e8e5e0}.edtij-article .meta-text{font-family:'Helvetica Neue',Arial,sans-serif;font-size:13px;color:#888;line-height:1.6}.edtij-article .meta-text strong{color:#333;font-weight:600}.edtij-article .article-intro{font-size:18px;color:#333;border-top:1px solid #ddd;border-bottom:1px solid #ddd;padding:24px 0;margin:0 0 48px;line-height:1.9}.edtij-article h2.section-title{font-family:'Georgia',serif;font-size:clamp(20px,2.5vw,26px);font-weight:normal;color:#111;margin:56px 0 18px;padding-bottom:10px;border-bottom:1px solid #e0e0e0;line-height:1.25}.edtij-article h3.subsection-title{font-family:'Helvetica Neue',Arial,sans-serif;font-size:15px;font-weight:600;color:#8a0000;text-transform:uppercase;letter-spacing:1px;margin:32px 0 10px}.edtij-article p{margin:0 0 20px;color:#222;line-height:1.75}.edtij-article ul.check-list{list-style:none;margin:0 0 20px;padding:0}.edtij-article ul.check-list li{position:relative;padding:10px 0 10px 26px;border-bottom:1px solid #eee;color:#222;line-height:1.75}.edtij-article ul.check-list li::before{content:'\u2014';position:absolute;left:0;color:#8a0000;font-weight:700}.edtij-article ul.check-list li:last-child{border-bottom:none}.edtij-article .callout{background-color:#f7f5f2;border-left:4px solid #8a0000;padding:20px 28px;margin:36px 0;font-style:italic;font-size:17px;color:#333;line-height:1.8}.edtij-article .table-wrapper{overflow-x:auto;margin:36px 0}.edtij-article table{width:100%;border-collapse:collapse;font-family:'Helvetica Neue',Arial,sans-serif;font-size:14px}.edtij-article thead tr{background-color:#111;color:#fff}.edtij-article thead th{background-color:#111;color:#fff;padding:14px 18px;text-align:left;font-weight:600;letter-spacing:0.5px}.edtij-article tbody tr:nth-child(even){background-color:#f7f5f2}.edtij-article tbody td{padding:13px 18px;border-bottom:1px solid #e8e5e0;vertical-align:top;color:#222}.edtij-article tbody td:first-child{font-weight:600;color:#8a0000}.edtij-article .callout-box{background-color:#fff8f8;border:1px solid #e8c3c3;border-left:4px solid #8a0000;padding:20px 28px;margin:36px 0;border-radius:2px}.edtij-article .callout-box p{margin-bottom:10px;color:#333}.edtij-article .callout-box p:last-child{margin-bottom:0}.edtij-article .conclusion-box{background-color:#111;color:#f5f3f0;padding:36px 40px;margin-top:56px;border-radius:2px}.edtij-article .conclusion-box h2{font-family:'Georgia',serif;font-size:22px;font-weight:normal;color:#fff;margin:0 0 18px;border-bottom:1px solid #444;padding-bottom:14px;line-height:1.3}.edtij-article .conclusion-box p{color:#d0cdc8;margin-bottom:16px;line-height:1.85}.edtij-article .conclusion-box p:last-child{margin-bottom:0}.edtij-article .cta-block{margin-top:48px;padding:32px 36px;border:1px solid #ddd;border-top:3px solid #8a0000;text-align:center}.edtij-article .cta-block p{font-family:'Helvetica Neue',Arial,sans-serif;font-size:15px;color:#444;margin-bottom:18px}.edtij-article .cta-button{display:inline-block;background-color:#8a0000;color:#fff;font-family:'Helvetica Neue',Arial,sans-serif;font-size:13px;font-weight:600;letter-spacing:1.5px;text-transform:uppercase;text-decoration:none;padding:13px 32px;border-radius:1px}.edtij-article .hashtags{margin-top:48px;padding-top:24px;border-top:1px solid #e0e0e0;font-family:'Helvetica Neue',Arial,sans-serif;font-size:13px;color:#888;line-height:2}.edtij-article .hashtags span{display:inline-block;margin-right:8px;color:#8a0000}@media (max-width:600px){.edtij-article{padding:40px 20px 72px}.edtij-article h2.section-title{font-size:25px}.edtij-article .conclusion-box{padding:28px 24px}.edtij-article .cta-block{padding:24px 20px}}<\/style>\n<article class=\"edtij-article\">\n<p class=\"article-category\">Public Law &amp; Compliance<\/p>\n<div class=\"article-meta\">\n<div class=\"meta-text\"><strong>EDTIJ \u2014 Escobar, Della Togna, Icaza &amp; Jurado<\/strong><br \/> Panama \u00b7 November 2026 \u00b7 Estimated reading time: 7 minutes <\/div>\n<\/div>\n<p class=\"article-intro\"> When people hear &#8220;conflict of interest,&#8221; the reflex is to think of the public official. <strong>Executive Decree 77 of October 27, 2026<\/strong>, which regulated <strong>Law 316 of 2022<\/strong>, forces that reflex to be corrected: the duties to declare, prevent and abstain are no longer only the public servant&#8217;s. They now reach \u2014with concrete deadlines and penalties\u2014 the companies that contract with the State, their directors, shareholders, attorneys-in-fact and <strong>beneficial owners<\/strong>, and the non-profit organizations that receive public funds. And the clock is already running: the rule takes effect ninety days after its promulgation. <\/p>\n<h2 class=\"section-title\">1. What changed: from public office to private business<\/h2>\n<p> Law 316 of 2022 set the framework to prevent, identify and sanction conflicts of interest in public office. What was missing was the regulation to make it operational. That regulation arrived with <strong>Executive Decree 77<\/strong>, published in <strong>Official Gazette No. 30643<\/strong>. <\/p>\n<p> The relevant novelty is not that the official is regulated \u2014that was expected\u2014 but that the regime extends over the private sector that deals with the State. For a supplier company, for whoever sits on a board of directors, or for whoever is listed as the beneficial owner of a contractor company, conflict of interest has stopped being someone else&#8217;s matter and has become their own obligation. <\/p>\n<h2 class=\"section-title\">2. Who does it actually reach?<\/h2>\n<p> The regulation defines three groups of obligated parties. The third is the one that brings the private sector into the equation. <\/p>\n<div class=\"table-wrapper\">\n<table>\n<thead>\n<tr>\n<th>Group<\/th>\n<th>Who becomes obligated<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Public sector<\/td>\n<td>Ministers, vice-ministers, heads of entities, municipal authorities, handling officials and senior authorities, including deputies, magistrates, judges and prosecutors.<\/td>\n<\/tr>\n<tr>\n<td>NGOs<\/td>\n<td>Board members of organizations that have received or receive funds, capital or assets from the State.<\/td>\n<\/tr>\n<tr>\n<td>State contractors<\/td>\n<td>Individual awardees, and board members, officers, shareholders, beneficial owners and attorneys-in-fact of companies awarded public tenders.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p> One important nuance avoids alarmism: for these purposes, the regulation covers public tenders for goods, works and services <strong>above B\/.50,000<\/strong>. Not every company that once sold to the State is automatically covered; the criterion is the threshold and the status of awardee. <\/p>\n<h2 class=\"section-title\">3. What it requires: the sworn declaration and its deadlines<\/h2>\n<p> The core of the regime is a <strong>sworn declaration<\/strong> of interests. Its content is broad: professional, economic and trade-association activities; business relationships; corporate holdings; public contracts; and relevant family ties. <\/p>\n<p> The deadlines are concrete and worth noting now: <\/p>\n<ul class=\"check-list\">\n<li>Initial filing within <strong>30 business days<\/strong> of becoming subject to the obligation.<\/li>\n<li>Annual renewal during the <strong>first 10 days of the year<\/strong>.<\/li>\n<li>Final declaration upon ceasing to be an obligated party.<\/li>\n<li>In public procurement, one declaration <strong>per tender awarded<\/strong>: it is a contractual obligation and a requirement for endorsement.<\/li>\n<\/ul>\n<p> This last point has an immediate practical effect: without the declaration, the contract is not endorsed. It stops being a later formality and becomes a condition of the relationship with the State. <\/p>\n<h2 class=\"section-title\">4. Which conflicts it regulates: actual, potential and apparent<\/h2>\n<p> The regulation is not limited to the consummated conflict. It distinguishes three categories \u2014<strong>actual, potential and apparent<\/strong> conflicts\u2014 and regulates their consequences: disqualifications, duties to abstain, and the treatment of gifts and invitations. <\/p>\n<p> The inclusion of the <em>apparent<\/em> conflict is significant: it does not require that the private interest actually influenced the decision; it is enough that, to a reasonable observer, it could appear to have done so. The standard, therefore, is not only the honesty of the conduct, but also its appearance of impartiality. <\/p>\n<h2 class=\"section-title\">5. Oversight and penalties<\/h2>\n<p> Verification does not stay on paper. The regulation empowers <strong>ANTAI<\/strong> to cross-check the declared information with the <strong>Public Registry<\/strong>, the <strong>Directorate General of Revenue (DGI)<\/strong>, the <strong>Public Procurement<\/strong> system and, under the conditions the law allows, the <strong>beneficial-owner registry<\/strong>. It is, in practice, the convergence of several registries that until now operated separately. <\/p>\n<div class=\"table-wrapper\">\n<table>\n<thead>\n<tr>\n<th>Type of breach<\/th>\n<th>Penalty<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Defective declaration<\/td>\n<td>Fine equivalent to two months of salary.<\/td>\n<\/tr>\n<tr>\n<td>Omitted declaration<\/td>\n<td>Fine equivalent to three months of salary.<\/td>\n<\/tr>\n<tr>\n<td>False declaration<\/td>\n<td>Fine equivalent to four months of salary.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p> To the fines are added, as applicable, <strong>disciplinary, criminal and contractual<\/strong> consequences. For a company, the risk is not merely financial: a poorly managed declaration can compromise the endorsement of a contract and the commercial relationship with the State. <\/p>\n<h2 class=\"section-title\">6. What to do before the 90 days run<\/h2>\n<p> The window until the rule takes effect is the chance to prepare, not to react. A minimum recommended order: <\/p>\n<ul class=\"check-list\">\n<li><strong>Map the exposure:<\/strong> identify whether the company contracts, or could contract, with the State above the B\/.50,000 threshold.<\/li>\n<li><strong>Identify the obligated parties within the group:<\/strong> directors, officers, shareholders, attorneys-in-fact and, especially, the beneficial owners.<\/li>\n<li><strong>Verify registry consistency:<\/strong> that what is declared matches the Public Registry, the DGI and the beneficial-owner registry, because that is where ANTAI will cross-check.<\/li>\n<li><strong>Design an internal protocol:<\/strong> who declares, when, with what supporting documentation, and how it is updated each year and for each tender.<\/li>\n<\/ul>\n<div class=\"callout\"> Well-managed transparency protects; improvised transparency exposes. The goal is not to fear the declaration, but to arrive at it with information that is orderly and consistent across every registry where the authority will cross-check it. <\/div>\n<div class=\"callout-box\">\n<p> This article is for general information purposes only and does not constitute legal advice. The specific scope of Law 316 and Executive Decree 77 over a particular company or person requires individualized analysis and must be confirmed against the text published in Official Gazette No. 30643. <\/p>\n<\/div>\n<div class=\"conclusion-box\">\n<h2>Conclusion: transparency is no longer optional<\/h2>\n<p> Executive Decree 77 closes a gap that had been open for years: it turns a general principle \u2014not mixing private interest with public decision\u2014 into concrete obligations, with deadlines, information cross-checks and fines, that now also weigh on the private sector benefiting from State contracting. <\/p>\n<p> For companies, the question is not whether the rule reaches them, but whether they will arrive at the 90-day mark with their structures, their beneficial owners and their declarations in order. Those who prepare today will declare calmly; those who leave it for later will do so under the pressure of a contract at stake. <\/p>\n<\/div>\n<div class=\"cta-block\">\n<p>Does your company contract with the State or take part in public tenders? At EDTIJ we review your exposure to Law 316 and prepare your conflict-of-interest declarations and protocols.<\/p>\n<p><a class=\"cta-button\" href=\"https:\/\/www.edtij.com\/en\/contact-us\/\" rel=\"noopener\">Consult with EDTIJ<\/a><\/div>\n<div class=\"hashtags\"><span>#Law316<\/span><span>#ConflictOfInterest<\/span><span>#ExecutiveDecree77<\/span><span>#PublicProcurement<\/span><span>#BeneficialOwner<\/span><span>#Compliance<\/span><span>#Panama<\/span><span>#EDTIJ<\/span><\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>Executive Decree 77 regulated Panama&#8217;s Law 316 on conflict of interest and extends it to the private sector that contracts with the State: contractors, directors, shareholders, attorneys-in-fact and beneficial owners, and NGOs with public funds. What it requires, the deadlines, and what to prepare before the 90 days.<\/p>\n","protected":false},"author":2,"featured_media":3402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,7,1],"tags":[],"class_list":["post-3399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article","category-laws","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Conflict of Interest: Why Law 316 Is Now the Private Sector&#039;s Concern Too -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conflict of Interest: Why Law 316 Is Now the Private Sector&#039;s Concern Too -\" \/>\n<meta property=\"og:description\" content=\"Executive Decree 77 regulated Panama&#039;s Law 316 on conflict of interest and extends it to the private sector that contracts with the State: contractors, directors, shareholders, attorneys-in-fact and beneficial owners, and NGOs with public funds. What it requires, the deadlines, and what to prepare before the 90 days.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-01T14:26:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-01T14:54:20+00:00\" \/>\n<meta name=\"author\" content=\"admin23\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin23\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\\\/\"},\"author\":{\"name\":\"admin23\",\"@id\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/#\\\/schema\\\/person\\\/0158ea68f5157c26ac251df4daa7f827\"},\"headline\":\"Conflict of Interest: Why Law 316 Is Now the Private Sector&#8217;s Concern Too\",\"datePublished\":\"2026-11-01T14:26:50+00:00\",\"dateModified\":\"2026-11-01T14:54:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\\\/\"},\"wordCount\":1032,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/edtij-conflict-interest-scales.png\",\"articleSection\":[\"Article\",\"laws\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.edtij.com\\\/en\\\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\\\/\",\"url\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\\\/\",\"name\":\"Conflict of Interest: Why Law 316 Is Now the Private Sector's Concern Too -\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/edtij-conflict-interest-scales.png\",\"datePublished\":\"2026-11-01T14:26:50+00:00\",\"dateModified\":\"2026-11-01T14:54:20+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/#\\\/schema\\\/person\\\/0158ea68f5157c26ac251df4daa7f827\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.edtij.com\\\/en\\\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/edtij-conflict-interest-scales.png\",\"contentUrl\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/edtij-conflict-interest-scales.png\",\"width\":1080,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Conflict of Interest: Why Law 316 Is Now the Private Sector&#8217;s Concern Too\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/#\\\/schema\\\/person\\\/0158ea68f5157c26ac251df4daa7f827\",\"name\":\"admin23\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7e74e660650ec888994388bc85ce89befcadfc95725a76a2e389f46764785e50?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7e74e660650ec888994388bc85ce89befcadfc95725a76a2e389f46764785e50?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7e74e660650ec888994388bc85ce89befcadfc95725a76a2e389f46764785e50?s=96&d=mm&r=g\",\"caption\":\"admin23\"},\"url\":\"https:\\\/\\\/www.edtij.com\\\/en\\\/author\\\/admin23\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Conflict of Interest: Why Law 316 Is Now the Private Sector's Concern Too -","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/","og_locale":"en_US","og_type":"article","og_title":"Conflict of Interest: Why Law 316 Is Now the Private Sector's Concern Too -","og_description":"Executive Decree 77 regulated Panama's Law 316 on conflict of interest and extends it to the private sector that contracts with the State: contractors, directors, shareholders, attorneys-in-fact and beneficial owners, and NGOs with public funds. What it requires, the deadlines, and what to prepare before the 90 days.","og_url":"https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/","article_published_time":"2026-11-01T14:26:50+00:00","article_modified_time":"2026-11-01T14:54:20+00:00","author":"admin23","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin23","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/#article","isPartOf":{"@id":"https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/"},"author":{"name":"admin23","@id":"https:\/\/www.edtij.com\/en\/#\/schema\/person\/0158ea68f5157c26ac251df4daa7f827"},"headline":"Conflict of Interest: Why Law 316 Is Now the Private Sector&#8217;s Concern Too","datePublished":"2026-11-01T14:26:50+00:00","dateModified":"2026-11-01T14:54:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/"},"wordCount":1032,"commentCount":0,"image":{"@id":"https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/#primaryimage"},"thumbnailUrl":"https:\/\/www.edtij.com\/en\/wp-content\/uploads\/2026\/11\/edtij-conflict-interest-scales.png","articleSection":["Article","laws"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/","url":"https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/","name":"Conflict of Interest: Why Law 316 Is Now the Private Sector's Concern Too -","isPartOf":{"@id":"https:\/\/www.edtij.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/#primaryimage"},"image":{"@id":"https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/#primaryimage"},"thumbnailUrl":"https:\/\/www.edtij.com\/en\/wp-content\/uploads\/2026\/11\/edtij-conflict-interest-scales.png","datePublished":"2026-11-01T14:26:50+00:00","dateModified":"2026-11-01T14:54:20+00:00","author":{"@id":"https:\/\/www.edtij.com\/en\/#\/schema\/person\/0158ea68f5157c26ac251df4daa7f827"},"breadcrumb":{"@id":"https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/#primaryimage","url":"https:\/\/www.edtij.com\/en\/wp-content\/uploads\/2026\/11\/edtij-conflict-interest-scales.png","contentUrl":"https:\/\/www.edtij.com\/en\/wp-content\/uploads\/2026\/11\/edtij-conflict-interest-scales.png","width":1080,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/www.edtij.com\/en\/conflict-of-interest-why-law-316-is-now-the-private-sectors-concern-too\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.edtij.com\/en\/"},{"@type":"ListItem","position":2,"name":"Conflict of Interest: Why Law 316 Is Now the Private Sector&#8217;s Concern Too"}]},{"@type":"WebSite","@id":"https:\/\/www.edtij.com\/en\/#website","url":"https:\/\/www.edtij.com\/en\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.edtij.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.edtij.com\/en\/#\/schema\/person\/0158ea68f5157c26ac251df4daa7f827","name":"admin23","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/7e74e660650ec888994388bc85ce89befcadfc95725a76a2e389f46764785e50?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7e74e660650ec888994388bc85ce89befcadfc95725a76a2e389f46764785e50?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7e74e660650ec888994388bc85ce89befcadfc95725a76a2e389f46764785e50?s=96&d=mm&r=g","caption":"admin23"},"url":"https:\/\/www.edtij.com\/en\/author\/admin23\/"}]}},"_links":{"self":[{"href":"https:\/\/www.edtij.com\/en\/wp-json\/wp\/v2\/posts\/3399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edtij.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edtij.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edtij.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edtij.com\/en\/wp-json\/wp\/v2\/comments?post=3399"}],"version-history":[{"count":1,"href":"https:\/\/www.edtij.com\/en\/wp-json\/wp\/v2\/posts\/3399\/revisions"}],"predecessor-version":[{"id":3400,"href":"https:\/\/www.edtij.com\/en\/wp-json\/wp\/v2\/posts\/3399\/revisions\/3400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edtij.com\/en\/wp-json\/wp\/v2\/media\/3402"}],"wp:attachment":[{"href":"https:\/\/www.edtij.com\/en\/wp-json\/wp\/v2\/media?parent=3399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edtij.com\/en\/wp-json\/wp\/v2\/categories?post=3399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edtij.com\/en\/wp-json\/wp\/v2\/tags?post=3399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}