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ATTACHMENT A CONFLICT OF INTEREST POLICY Resolution of the Board of Directors of Adaptive Sports Partners of the North Country, Inc. Article I Purpose The purpose of this conflict of interest policy

How to fill out conflict of interest policy

How to fill out conflict of interest policy:

1. Read and understand the policy: Start by carefully reviewing the conflict of interest policy to familiarize yourself with its purpose, scope, and the specific guidelines outlined within it.
2. Identify potential conflicts: Consider any personal, financial, or professional relationships or interests that may potentially pose a conflict of interest. This could include relationships with clients, suppliers, competitors, or any other parties that may influence your judgment or decision-making.
3. Disclose conflicts of interest: Once you have identified any potential conflicts, be sure to disclose them appropriately. This typically involves notifying a designated individual or department within your organization, such as a supervisor, manager, or an ethics officer.
4. Seek guidance and approval: In cases where a conflict of interest exists, seek guidance from appropriate personnel or seek approval for the specific situation. This may involve discussing the conflict with relevant parties, such as a supervisor, legal counsel, or an ethics committee, to ensure compliance with the policy and appropriate steps are taken.
5. Document decisions and actions: It is important to keep a record of the steps you have taken to address the conflict of interest. This includes documenting any decisions made, actions taken, and any approvals or guidance received to demonstrate transparency and accountability.

Who needs conflict of interest policy:

1. Organizations: All types of organizations, including businesses, non-profit organizations, and government agencies, should have a conflict of interest policy in place. This helps them establish a framework to manage and mitigate conflicts of interest among their employees and within their operations.
2. Employees: All employees within an organization should be aware of and adhere to the conflict of interest policy. This ensures that they are familiar with the guidelines and expectations related to conflicts of interest and are able to identify, disclose, and appropriately manage any conflicts that may arise in their work.
3. Executives and decision-makers: Individuals in leadership positions, such as executives, managers, and board members, bear additional responsibility in managing conflicts of interest. They should be well-versed in the policy and exercise heightened diligence in identifying and managing conflicts to maintain the integrity and fairness of decision-making processes.

Overall, everyone involved in an organization, from employees to top-level executives, should be knowledgeable about conflict of interest policies and actively apply them to maintain ethical conduct and protect the interests of the organization and its stakeholders.

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What is conflict of interest policy?

A conflict of interest policy is a set of guidelines or rules that helps prevent situations where a person's personal interests could potentially interfere with their professional obligations.

Who is required to file conflict of interest policy?

Nonprofit organizations, government agencies, and other entities that may face conflicts of interest are required to have and file conflict of interest policies.

How to fill out conflict of interest policy?

To fill out a conflict of interest policy, individuals must disclose any financial or personal interests that could influence their decision-making.

What is the purpose of conflict of interest policy?

The purpose of a conflict of interest policy is to promote transparency, integrity, and ethical behavior within an organization.

What information must be reported on conflict of interest policy?

Information such as financial interests, family relationships, and potential conflicts must be reported on a conflict of interest policy.