Conflict of Interest Policy
Employees and/or Board Members have an obligation to conduct business within guidelines that avoid actual or potential conflicts of interest. This policy establishes only the framework within which The Foundation wishes the business to operate. The purpose of these guidelines is to provide general direction so that employees or Board Members can seek further clarification on issues related to the subject of acceptable standards of operation. Contact Human Resources for more information or questions about conflicts of interest.
An actual or potential conflict of interest occurs when an employee or Board Member is in a position to influence a decision that may result in a personal gain for that employee, Board Member or for a relative as a result of The Foundation's business dealings. For the purposes of this policy, a relative is any person who is related by blood or marriage, or whose relationship with the employee is similar to that of persons who are related by blood or marriage.
No "presumption of guilt" is created by the mere existence of a relationship with outside firms. However, if employees and/or board members have any influence on transactions involving purchases, contracts, or leases, it is imperative that they disclose, as soon as possible, the existence of any actual or potential conflict of interest so that safeguards can be established to protect all parties.
Personal gain may result not only in cases where an employee, Board Member or relative has a significant ownership in a firm with which The Foundation does business, but also when an employee, Board Member, or relative receives any kickback, bribe, substantial gift, or special consideration as a result of any transaction or business dealings involving The Foundation.