Conflict of Interest Policy

Conflict of Interest / Duality of Interest Policy

Description & Overview:

A conflict of interest exists when a board member or employee has a business or personal interest that may influence him or her when making a decision for the organization. The Inner-City Foundation For Charity & Education contends with a variety of potential and perceived conflicts of interest. The key is not to try to avoid all potential conflict-of-interest situations, which would be impossible for The Inner-City Foundation but, to identify and follow a process for handling them effectively.

Both board members and employees must abide by conflict-of-interest policies. Conflict-of-interest policies should clarify what a conflict of interest is, what board members and employees must do to disclose potential conflicts of interest, and what board members and employees should do to avoid being perceived as acting inappropriately if and when a potential conflict of interest does arise. How an organization ensures open and honest deliberation affects all aspects of its operations and is critical to making good decisions, avoiding possible legal issues and public scandals, and remaining focused on the organization’s mission.

Inner-City Foundation Board Members - 4 categories

  1. Appointed or Elected – the largest category (30 slots)
  2. Ex-Officio Corporate Members (per Articles of Association/By-Laws) Bishop (or Administrator) Vicar(s) General Chancellor
  3. Ex-Officio by virtue of Foundation title Executive Director
  4. Honorary

Inner-City Foundation Employees

  1. Foundation Director

To view and print a copy of the full policy, see attached document below.

 

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