Conflict of Interest
While nearly all provisions of the Sarbanes-Oxley Act apply only to publicly traded corporations, nonprofits may want to review them and adopt particular governance practices. Learn about the provisions of this bill and their relevance to nonprofits from the Independent Sector and BoardSource.
These sample disclosure forms ask individuals to list their affiliations with other entities that might potentially affect their independent decision making in order to identify potential conflicts of interest based on an expansive definition of affiliated persons.
The following sample conflict of interest policies are excerpted from The Non-Profit Answer Book: An Executive Director's Guide to Frequently Asked Questions from BoardSource.
These policies range from general guidelines related to conflicts of interest to a comprehensive conflict-of-interest policy that follows a traditional legal format and is recommended by the IRS.
Sample conflict of interest policies for Community Foundations.