I'll give you another one, in the UK there is a panel of civil servants who get to decide if another civil servant would be entering a conflict of interest by working for an organisation he/she used to oversee.

I.e. a civil servant in the ministry of defense retiring and going to work as a non-executive director for British Aerospace.

Of 450+ decisions they made, 0 where considered a conflict of interest.

If you ask the other wolves if the first wolf did anything wrong by attacking the sheep you can't be surprised by the answer.

In fact, that is what they still do. As someone who deals with ABS regularly, it is as weird of a conflict of interest as one would think. ABS, as far as I've seen, is comprised of honest folks who take their jobs seriously (i.e. they don't take it easy on shipbuilders or owners in hopes of retaining business). However, it's an odd dynamic. It's kind of like being sued and having to pay not only your defense lawyer, but also the prosecution's lawyer.