Conflict of Interest
A conflict of interest happens when someone has personal, financial, or professional interests that hurt their impartiality. Conflicts of interest hurt an association’s ability to make fair decisions, and many bylaws have explicit rules against them. Board members and board chairman positions are rightfully scrutinized for conflict of interest because they’re in leadership positions within the organization. If they have interests that benefit them at the organization’s expense, it could jeopardize the entire association.
Categories: Governance & Organizational Structure
Tags: Legal & Compliance
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