CONFLICT OF INTEREST POLICY
The Manual ¶320.6
There is a conflict of interest if a member of the Official Board, a committee member or an employee of the church is in any way directly or indirectly interested or may become interested in a material way in an existing or proposed contract, transaction or arrangement with the local church.
A person also has a conflict of interest if:
- his/her family (with family defined as spouse, father, mother, child, sister or brother or spouse of such family members;
- his/her business partner or his/her business associate; or
- a corporation that he/she is involved with as either a director, shareholder, officer, employee or agent has in any way, directly or indirectly, an interest or may become interested in a material way in any existing or proposed contract, transaction or arrangement with the local church.
In all such instances such a person shall declare his/her conflict of interest fully to the chair of the official board and shall withdraw from any and all discussions or voting thereon. The Minutes shall document the declaration of the conflict of interest and the absence of the individual from all discussions and voting.
When a conflict of interest is declared by a member of the Official Board and following such disclosure, a proposed contract, transaction or arrangement with the local church is awarded which gives rise to a direct benefit to such person or his/her spouse, in the event the person decides to accept such awarded contract, transaction or arrangement, he/she shall immediately resign from the Official Board unless the award of such contracts, transaction or arrangement is approved by the Court.
Failure to follow these guidelines could result in the loss of the church’s charitable status.
