Conflict of Interest Within Nonprofit Organization Research Paper

Conflict Policy

Conflict of Interest Statement

The Hangout is committed to high standards to prepare young adults from economically disadvantaged areas with education and skills necessary to achieve success and enrichment in life. It is essential that members and the general public uphold this commitment with the highest quality of confidence. Even the smallest appearance of a conflict of interest, or a potential conflict of interest, should be avoided. In order to maintain this confidence from the public and members, The Hangout has adopted this conflict of interest and disclosure policy.

The Hangout depends on its members (board, directors, officers, employees, and volunteers) to achieve its goals. It is recognized that The Hangout members may have personal, business, and professional interests that may create a potential for a real or perceived conflict of interest with the best interests of The Hangout. The Hangout does not necessarily view the existence of these interests as an impediment to participation in The Hangout activities, but does require they be disclosed.

Duty to Disclose

1. Definition

A conflict of interest "is a situation that has the potential to undermine the impartiality of a person because of the possibility of or clash between the person's self-interest and professional interest or public interest" (Conflict of Interest).2. Applies to Whom

It is the policy of The Hangout that all members, at all times, act in the best interests of The Hangout (Ball, 2009). In performing their duties, members and representatives should not be influenced by desire for personal gain. This applies to anyone who agrees to serve The Hangout in any official capacity.

3. Who to Notify

Anyone who has knowledge of a conflict of interest, or a potential conflict of interest, will report the incident to the director, who will document and investigate the situation. It if is not clear if a conflict of interest exists, the circumstances of the situation should be reported.

4. What happens next

The situational documentation is taken before the board. The board will review, discuss the situation, and make decisions that will be documented in the board meeting minutes. If the part with the conflict of interest, or potential conflict of interest, is a board member, that person is not allowed to participate in the….....