The city pointed to several failings behind its decision to revoke Williamsburg's charter, from reorganizing its leadership without city approval to failing to disclose conflicts of interest among board members.

WSJ: Charter Network Facing Closure

The report concedes that the more powerful full members currently put pressure on the weaker ones, and that there are undeclared conflicts of interest among board members, and undeclared loans between member nations.

WSJ: A Woolf at Cricket Chiefs' Door

The Williamsburg school struggled financially in its first year and was warned about conflicts of interest on its board and problems with the lack of evaluations for its staff.

WSJ: Charter Network Facing Closure

The schools were not able to keep enough trustees on their boards and didn't disclose conflicts of interest, such as relatives of board members working for the schools.

WSJ: Charter Network Facing Closure

Shareholders will no doubt ask questions about the conflicts of interest that arise when managers are able to undermine board independence.

FORBES: Japanese Business Culture and Why Good Governance Matters

Why would a pension board not want to know about conflicts of interest of its pension consultant?

FORBES: The Duty To Investigate Pension Consultant Conflicts (September 1, 2001)

The market-abuse directive did not take on board the way that investment banks address internal conflicts of interest with Chinese walls, for instance nor the sophistication of many investors who do not need costly protection from abuse.

ECONOMIST: Laborious efforts towards a single market

The SEC's position is somewhere in the middle, that board independence has nothing to do with improving fund performance but is useful in eliminating conflicts of interest--that is, in keeping the business honest.

FORBES: Who's in Charge Here?