Conflict of Interest – Standards for Excellence Educational Resource Packet (15)
MEMBER EXCLUSIVE BENEFIT
A conflict of interest exists when a board member, officer, or management employee has a personal interest that is in conflict with the interests of the organization, such that he or she may be influenced by this personal interest when making a decision for the organization. Nonprofits should have a written conflict of interest policy and statement. A conflict of interest policy, and its related disclosure statement, provides an important tool to help assure that board members, staff, and key volunteers - who have significant, independent decision-making authority regarding the resources of the organization - are appropriately fulfilling their legal and fiduciary responsibilities.
Attached at the end of this packet you will find the customizable companion documents:
- Model Conflict of Interest Policy Standards for Excellence Institute, 1998-2018
- Model Disclosure Statement Standards for Excellence Institute, 1998-2018
- Questionnaire on Family and Business Relationships and Interested Person Independence, Standards for Excellence Institute based on IRS Form 990 Instructions, 2009.
- Sample Gifts to Staff Policy, Standards for Excellence Institute, 2018.