Rhode Island Nonprofit - Conduct Policies for Board Members

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Under wellestablished principles of nonprofit corporation law, a board member must meet certain standards of conduct and attention in carrying out his or her responsibilities to the organization. Several states, in fact, have statutes adopting some variation of these duties that would be used in court to determine whether a board member acted improperly. These standards are usually described as the duty of care, the duty of loyalty, and the duty of obedience.

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FAQ

Under Rhode Island law, creditors may charge up to 12 percent interest on debt without an agreement, but up to 21 percent if there is an agreement. Exceptions include pawn brokers, licensed lenders, retail finance charges, and revolving credit (which includes all credit cards).

A recusal or disqualification is a method used to resolve an apparent or actual conflict of interest. A disqualified employee may be required to sign a written statement reflecting the scope of the disqualification and the precise nature of the conflicting interest or activity.

How To Start A Nonprofit In Rhode Island Choose your RI nonprofit filing option. File the RI nonprofit articles of incorporation. Get a Federal EIN from the IRS. Adopt your nonprofit's bylaws. Apply for federal and/or state tax exemptions. Apply for any required state licenses. Open a bank account for your RI nonprofit.

Welcome to the Rhode Island Ethics Commission For assistance, please feel free to call us at (401) 222-3790 or email us at ethics.email@ethics.ri.gov.

A conflict of interest involves any action, inaction, or decision by a public official or public employee in the discharge of his or her official duties which would materially affect his or her financial interest or those of his or her family members or any business with which the person is associated in a manner ...

It is the policy of the state of Rhode Island that public officials and employees must adhere to the highest standards of ethical conduct, respect the public trust and the rights of all persons, be open, accountable and responsive, avoid the appearance of impropriety, and not use their position for private gain or ...

(a) No person subject to this code of ethics shall have any interest, financial or otherwise, direct or indirect, or engage in any business, employment, transaction, or professional activity, or incur any obligation of any nature, which is in substantial conflict with the proper discharge of his or her duties or ...

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Rhode Island Nonprofit - Conduct Policies for Board Members