Kansas Board of Directors Confidentiality Policy

State:
Multi-State
Control #:
US-1060BG
Format:
Word; 
Rich Text
Instant download

Description

Board members have limits on how they can share information and with whom they may share it. Maintaining confidentiality means that board members must maintain the confidentiality of any personal or sensitive information they acquire during their service to the board. Board members are in a fiduciary relationship with the corporation. This means that they are obliged to act honestly and in good faith in respect of the corporation. The obligation has many components, including a duty to avoid conflicts of interest and a duty to avoid abusing their position to gain personal benefit. One component of board members' fiduciary obligation is a duty to maintain the confidentiality of information that they acquire by virtue of their position.
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FAQ

Whatever I see or hear of a confidential nature or that is confided to me in my official capacity will be kept ever secret unless revelation is necessary in the performance of my duty.

A confidentiality agreement should include a clear definition of the confidential information, scope of the agreement, obligations of the receiving party, the duration of the contract, any exceptions to confidentiality, and the consequences of a breach of the contract.

I understand that access to this confidential information and data carries with it responsibility to guard against unauthorized use and to abide by the data security plan. To treat information as confidential means to not divulge it or make it accessible to anyone who is not a project member.

The confidentiality rule applies not merely to matters communicated in confidence by the client but also to all information relating to the representation, whatever its source. A lawyer may not disclose such information except as authorized or required by the Rules of Professional Conduct or other law.

All information given out or discovered about _______________ and his/her family's circumstances and / or the operations shall be held in confidence by me. I will not make public statements to the media expressly or impliedly, on behalf of _______________________________ or his/her family.

I will not communicate confidential information either within or outside (name of Custodian), except to persons authorized to receive such information.

The policy should include a statement of the directors' duty of confidentiality and explain that they are not to disclose or discuss confidential information about the organization's matters with another person or entity, or use it for their own purposes, unless the board authorizes them to do so.

A confidentiality clause (also referred to as a nondisclosure agreement) is a legally binding contract where an individual or enterprise guarantees to deal with particular data as a commercial secret and guarantees to not disclose such information to others without correct authorization.

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Kansas Board of Directors Confidentiality Policy