I was recently asked about the issue of conflicts of interest for board members of a nonprofit organization.
A conflict of interest may occur when . . .
A board member performs professional services for an organization, or proposes that a relative or friend be considered for a staff position. Such transactions are perfectly acceptable if they benefit the organization and if the board made the decisions in an objective and informed manner.Such conflict of interest can be well managed by the organization if the are prepared and are aware of the situation in advance. [click the quotation to read the whole article on the National Resource Center website.]
I would be happy to provide you with a sample of a conflict of interest policy from a board policy manual. Let me know if that will be of service to your organization.
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