Updated August 27th 2024
Effective governance policies are crucial for every nonprofit, and a Conflict of Interest (COI) policy is especially important. Board directors and other key personnel in nonprofits are often busy with personal and business activities, which can lead to the board unintentionally failing to recognize potential conflicts of interest. Even with an existing COI policy, many nonprofits may not fully understand the scope, proper use, and compliance requirements of the policy.
During this one hour webcast, our speaker will:
- Explain what a COI policy should include;
- Review when and how an organization should use its COI policy; and
- Discuss a variety of scenarios to help viewers better understand how to define and navigate conflicts.
Presenter: Darcy White, Jones Day
A sample Conflict of Interest Policy is available in the IRS Instructions for Form 1023 (see Appendix A/ Page 25-26)