Every Nonprofit Corporation should have a Conflict of Interest Policy. If you’re looking for a standard one that has been approve by the IRS, look no further.
Conflict of Interest Policy
A conflict of interest occurs whenever a person is put in the decision of doing what is best for the organization and what is best for themselves. A good conflict of interest policy identifies these issues and creates a system to mitigate them.
We created this policy to protect your organization while not creating an undue burden on your organization or its staff. It’s fully customizable for your needs, but we start you out with a solid foundation. Dozens of organizations of all sizes use our policy.
- Required disclosure of potential conflicts.
- Voting on conflicts.
- Penalties for violations.