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3BOARD OF DIRECTORS
UPPER VENTURA RIVER GROUNDWATER AGENCY4RESOLUTION NO. 2018045A RESOLUTION OF THE UPPER VENTURA RIVER GROUNDWATER AGENCY
(AGENCY) ADOPTING A CONFLICT OF INTEREST CODE6
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30WHEREAS,
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Start by identifying any potential conflict of interest that may arise in a given situation.
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Disclose any conflicting interests that you may have to the relevant parties or individuals involved.
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Continuously monitor and reassess the conflict of interest, making necessary adjustments or disclosures as the situation evolves.
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Conflict of interest policies and procedures are important for anyone in a position of trust or responsibility. This includes employees, executives, board members, public officials, and professionals such as lawyers or doctors. Organizations, government bodies, and other entities also need conflict of interest policies to ensure ethical decision-making and prevent undue influence or bias.
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Conflict of interest occurs when an individual or organization is involved in multiple interests, one of which could possibly corrupt the motivation or decision-making process.
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Conflict of interest forms typically require individuals to disclose any financial interests, relationships, or connections that may potentially impact their decisions.
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The purpose of conflict of interest disclosure is to maintain transparency and integrity in decision-making processes, and to prevent situations where personal interests conflict with professional duties.
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Information such as financial holdings, investments, relationships with outside organizations, and potential conflicts in decision-making must be reported on conflict of interest forms.
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