June 21, 2012
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 …