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Sample Bylaws on Conflict of Interest and Disclosure   Posted: April 8, 2002
Sample Bylaws on Conflict of Interest and Disclosure

https://www.nonprofits.org/npofaq/keywords/1e.html

Nonprofit Financial Center Conflict of Interest Statement

for Officers, Directors, Committee Members, Staff Members, Institute Faculty and certain Consultants

No member of the NFC Board of Directors, or any of its Committees, shall derive any personal profit or gain, directly or indirectly, by reason of his or her participation with the Nonprofit Financial Center. Each individual shall disclose to the Nonprofit Financial Center any personal interest which he or she may have in any matter pending before the NFC and shall refrain from participation in any decision on such matter.

Any member of the NFC Board, any Committee or Staff who is an officer, board member, a committee member or staff member of a borrower organization or a loan applicant agency shall identify his or her affiliation with such agency or agencies; further, in connection with any credit policy committee or board action specifically directed to that agency, he/she shall not participate in the decision affecting that agency and the decision must be made and/or ratified by the full board.

Any member of the NFC Board, any Committee, Staff of Institute Faculty shall refrain from obtaining any list of NFC clients for personal or private solicitation purposes at any time during the term of their affiliation.

At this time, I am a Board member, a committee member, or an employee of the following organizations: _________________________________ _________________________________ _________________________________ _________________________________ _________________________________ _________________________________

Now this is to certify that I, except as described below, am not now nor at any time during the past year have been:

1) A participant, directly or indirectly, in any arrangement, agreement, investment, or other activity with any vendor, supplier, or other party; doing business with the NFC which has resulted or could result in person benefit to me.

2) A recipient, directly or indirectly, of any salary payments or loans or gifts of any kind or any free service or discounts or other fees from or on behalf of any person or organization engaged in any transaction with the NFC.

Any exceptions to 1 or 2 above are stated below with a full description of the transactions and of the interest, whether direct or indirect, which I have (or have had during the past year) in the persons or organizations having transactions with the NFC. _________________________________ _________________________________ _________________________________ _________________________________ _________________________________ _________________________________ Date: ________________

Signature: _______________________________

Printed name: ________________________________

Nonprofit Financial Center 111 West Washington, Suite 1221 Chicago, Illinois 60602 312-606-8250

There's another sample conflict of interest policy toward the end of https://www.nonprofits.org/npofaq/misc/020120dag.html


FAQs on Disclosure:

https://www.nonprofits.org/npofaq/misc/020120dag.html


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