Conflict of Interest Policy

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The purpose of the conflict of interest policy is to protect the corporation's interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the Corporation or might result in a possible excess benefit transaction. This policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest applicable to non-profit and charitable corporations.

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free nonprofit conflict of interest policy template sample

This conflict of interest policy template was drafted by an attorney. This document is intended to be used as a sample or model only. Some of the information provided in this template may or may not fit the needs of a specific organization. Use of this template should not be construed as legal counsel or substitute the advice of an attorney.

Key Takeaways:

  1. The conflict of interest policy is a document that your nonprofit creates to govern situations when there is a conflict between the interests of the nonprofit and the interests of those who might privately benefit from its actions.
  2. The conflict of interest policy should be supplemented by an annual disclosure statement to the board of directors of all known conflicts.

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