CESRA Standard 14. Conflicts of Interest
A conflict of interest is a transaction or arrangement that might benefit the private interest of an officer, board member, or employee. Nonprofits should have a written conflict of interest policy and statement in place.
- The conflict of interest policy should identify the types of conduct or transactions that raise conflict of interest concerns in your organization.
- The conflict of interest statement should provide space for the board member, employee or volunteer to disclose any known interests that the individual, or a member of the individual’s immediate family, has in any business entity which transacts business with the organization.
This template is free to be used b any charitable organization in order to develop or edit their conflict of interest policy Document.
It is good for those charities that are starting level or for excising charities who want to complete their accreditation process.
Developing a conflict of interest document for your charity will help you to detect conflict before they arise, this will give the trustees and the board time to consider how to deal with the conflict.
Charities should adopt a policy that is suitable for their own needs and circumstances. You are welcome to Download the free sample Charity conflict of interest document.