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CONFLICT OF INTEREST POLICY BOARD OF DIRECTORS Effective Date: October 16, 2020 1. PURPOSE 1.1.2. It is the Policy of the Board of Directors (Board) of Peerages Electric Cooperative (PEC or Cooperative)

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How to fill out conflict of interest policy

01

Review the conflict of interest policy template provided by the organization

02

Identify any potential conflicts of interest that may arise in your role or activities

03

Disclose any conflicts of interest by completing the designated form or paperwork

04

Discuss any conflicts of interest with your supervisor or ethics committee if necessary

05

Update your conflict of interest disclosure regularly as needed

Who needs conflict of interest policy?

01

Nonprofit organizations

02

Government agencies

03

Board members

04

Employees in positions of authority

05

Companies with external partnerships

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What is conflict of interest policy?

A conflict of interest policy is a formal document outlining how an organization manages situations where an individual's personal interests could potentially interfere with their duties to the organization.

Who is required to file conflict of interest policy?

Nonprofit organizations, government agencies, and businesses are typically required to have a conflict of interest policy in place.

How to fill out conflict of interest policy?

To fill out a conflict of interest policy, individuals must disclose any potential conflicts of interest, outline procedures for managing conflicts, and have the policy reviewed and approved by the board of directors.

What is the purpose of conflict of interest policy?

The purpose of a conflict of interest policy is to ensure transparency, integrity, and ethical behavior within an organization by addressing and managing potential conflicts of interest.

What information must be reported on conflict of interest policy?

Information such as financial interests, family relationships, and any outside activities that could create conflicts of interest must be reported on a conflict of interest policy.

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