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Board of Directors Confidentiality Policy

Board of Directors Confidentiality Policy

Name: Board of Directors Confidentiality Policy
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.66 (395 reviews)

Category:

Corporations - Directors

State:

Multi-State

Control #:

US-1060BG

Format:

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

Specifically, Directors can be held personally liable based on three fiduciary duties: the duty of care, the duty of loyalty, and the duty of obedience. Unfortunately, many board members seem to be unaware of their fiduciary responsibilities for the organization for which they volunteer.

Board Papers will be created, maintained and distributed in a manner which is consistent with their confidential status. They will be kept separately from other (non-confidential) documents and stored in a manner which limits access to them by unauthorised persons (including employees).

Confidentiality is the responsibility of a person to ensure that information remains private. Confidentiality is especially important in the medial field because patient information must not be shared with anyone unless it is needed to help the patient being treated.

This procedure implements the Information Governance Policy providing information on Confidentiality and outlining the processes needed to ensure compliance with all legislative, regulatory and best practice requirements.

The best protection against breaches in confidentiality is to keep the number of employees and personnel who have access to sensitive information to a necessary minimum.

Name, date of birth, age, sex and address. current contact details of family, guardian etc. bank details. medical history or records. personal care issues. service records and file progress notes. individual personal plans. assessments or reports.

All confidential information should be locked or secured at all times. It should not be taken outside the Organisation's premises.Information should only be disclosed to others when authorised by senior management. Confidential information should not be used for personal profit or benefit.

The principle of confidentiality is about privacy and respecting someone's wishes. It means that professionals shouldn't share personal details about someone with others, unless that person has said they can or it's absolutely necessary.

Board of Directors Confidentiality Policy

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