CONFLICT OF INTEREST POLICY
Conflict of interest arises whenever the personal or professional interest of a Board Member is potentially at odds with the best interests of ISAP. Although the legal standards for avoiding conflict of interest for nonprofit organizations are fairly limited, ISAP will avoid where possible even the appearance of impropriety. If an issue is to be decided by the Board that involves potential conflict of interest for a Board Member the following responsibilities are to be followed.
It is the responsibility of the Board Member to:
- Identify the potential conflict of interest.
- Not participate in discussion of the program or motion being considered.
- Not vote on the issue.
It is the responsibility of the Board to:
- Only decide to hire or contract with the Board member if they are the best qualified individuals available and willing to provide the goods or services needed at the best price.
- Record in the minutes of the Board Meeting the potential conflict of interest and the use of the procedures and criteria of this policy.
Although it is not a conflict of interest to reimburse Board Members for expenses incurred (such as for the purchase of supplies), Board Members are prohibited by law from being paid for serving on the Board. Generally, Board Members will not receive pass-through dollars for individual projects. All Board Members will be required to complete a form identifying any possible Conflict of Interest.