Conflict-of-interest checklist

Description

Abstract: Board officers, directors, trustees and key employees must avoid conflicts of interest, because it’s their duty to do so. Any direct or indirect financial interest in a transaction or arrangement that might benefit the individual personally could result in the loss of an organization’s tax-exempt status — and its reputation. This article offers a quick checklist that not-for-profits can use to gauge whether they’re doing what it takes to avoid conflicts of interest.