Purpose
The purpose of this Conflict of Interest (the “policy”) is to protect the Organisation interests when it is considering taking an action or entering into a transaction that might benefit the private interests of a director, officer or any staff, result in the payment of excessive compensation to a director, officer or key person; or otherwise violate the laws governing conflicts of interest applicable to nonprofit, charitable organizations.
Why is a policy necessary?
As a nonprofit, charitable organization, the Organisation is accountable to both government agencies and members of the public for responsible and proper use of its resources. Directors, officers and employees have a duty to act in the Organisation best interests and may not use their positions for their own financial or personal benefit.
Conflicts of interest must be taken very seriously since they can damage the Organisation reputation and expose both the Organisation and affiliated individuals to legal liability if not handled appropriately. Even the appearance of a conflict of interest should be avoided, as it could undermine public support for the Organisation.
To whom does the policy apply?
This policy applies to all staffs