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  • Sample Nonprofit Conflict Of Interest Policy Template For 501c3

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Conflict of Interest Policy Article I: Purpose The purpose of the conflict of interest policy is to protect this taxexempt organizations (Organization) interest when it is contemplating entering into.

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To address potential conflicts of interest, your company should create a policy that governs situations where employees, or others acting on behalf of your company, personally benefit from actions that contradict the company's best interests.

A conflict of interest policy refers to any case where an employee's personal interest might contradict the interest of the company they work for and outlines the responsibilities of employees and the company in resolving any such discrepancies.

A conflict of interest policy refers to any case where an employee's personal interest might contradict the interest of the company they work for and outlines the responsibilities of employees and the company in resolving any such discrepancies.

☐ I have no personal, financial or other interests that could, or could be seen to, influence the decisions or actions I am taking or the advice I am giving in the course of my official duties.

The purpose of the conflict of interest policy is to protect the FIRST's (Organization) interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the Organization or might result in a possible excess benefit transaction.

Example 1: An organization purchases insurance coverage through a firm owned by a board member. This would constitute a conflict of interest. Even though insurance purchases might normally be a CFO's or business administrator's function, a transaction with a board member must always be approved by the board.

What to Include in a Conflict of Interest Policy A statement about an individual's duty to disclose any conflicts of interest. The process for reviewing potential conflicts of interest. Details about disciplinary actions for violating the policy.

Major conflicts of interest could include, but are not restricted to, salaries and perks, misappropriation of company assets, self-dealing, appropriating corporate opportunities, insider trading, and neglecting board work.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232