Editing Conflict of Interest Policy


'''Purpose:'''

The purpose of this policy is to protect the integrity and credibility of the Greer Heritage Museum when it is considering entering into a transaction or arrangement that might benefit the private interest of a Board member, Officer, staff member, or volunteer.

'''Definition:'''

A conflict of interest arises when a person in a position of authority over the organization may benefit personally—directly or indirectly—from a decision they could influence.

'''Examples of Conflicts Include (but are not limited to):'''

* A Board member’s business receiving payment from the organization.
* A family member of a staff person being hired or awarded a contract.
* Participation in a decision where the individual has a financial or personal stake.

'''Policy:'''

# '''Disclosure:'''  Any actual or potential conflict of interest must be disclosed to the Board as soon as it arises.
# '''Recusal:'''  The person with the conflict must not participate in any discussion or vote on the matter.
# '''Board Review:'''  The Board (or a designated committee) shall determine whether a conflict exists and how to proceed in the best interest of the organization.
# '''Documentation:'''  The minutes of the meeting shall reflect:
#* The disclosure made.
#* That the individual was not present during discussion or vote.
#* The decision made and rationale.