New Hampshire Board of Directors Confidentiality Policy

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Multi-State
Control #:
US-1060BG
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Word; 
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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.

The key elements of confidentiality agreements are: Identification of the parties. Definition of what is defined to be confidential. The scope of the confidentiality obligation by the receiving party.

As a board member, you have an obligation to hold in confidence those things that are mutually determined by your fellow board members to be confidential.

A confidentiality policy provides guidelines on how employees should handle and protect sensitive company information. It defines what is considered confidential, offers clear do's and don'ts, and outlines consequences for breaches, ensuring data protection and compliance.

It is the policy of [Name of Nonprofit] that board members and employees of [Name of Nonprofit] will not disclose confidential information belonging to, or obtained through their affiliation with [Name of Nonprofit] to any person, including their relatives, friends, and business and professional associates, unless [ ...

The confidentiality policy should include: Clear guidelines on what employees should and shouldn't do with confidential information, including storage, access, and disclosure. Consequences and disciplinary actions for breaches, ensuring employees understand the ramifications of policy violations.

What should a confidentiality policy include? The policy should define confidential information, provide clear guidelines on handling such information, outline measures for protection, and specify disciplinary actions for breaches. It should also detail any exceptions and the process for authorized disclosures.

Main Elements of a Confidentiality Agreement The agreement will name the party or parties involved, the items subject to non-disclosure, the duration of the agreement and the obligations of the recipient(s) of confidential 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.

Some examples could include locking away or securing confidential information at all times, putting non-disclosure agreements in place, and not keeping confidential documents when no longer needed.

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New Hampshire Board of Directors Confidentiality Policy