Board member dating employee

The IRS Form 990 asks about whether non-profit organizations have a written conflict of interest policy.It also asks how the board determines if a conflict exists and how the board manages conflicts.

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Whether it’s a commercial entity or a non-profit organization, nearly every director that serves on a board has an outside level of interest in the organization’s business.

That’s a good thing from the perspective that board members share their areas of expertise with the rest of the board.

The insurance agency pays the insurance agent a commission for all new business that the agent brings into the agency.

The agency paid a commission to the agent for the board bringing their insurance policies to the agency.

As part of on-going board development, it’s helpful for boards to set aside time, annually, for discussing hypothetical situations where a conflict of interest could occur.

Last modified 28-Jan-2020 04:22