Conflict of Interest Policy for Kindness Ranch

Conflict of Interest Policy for Kindness Ranch

Kindness Ranch is committed to maintaining the highest standards of integrity and transparency. All board members, officers, and staff have a duty to act in the best interest of the organization and avoid situations where personal, financial, or other considerations might compromise, or appear to compromise, their judgment or ability to act in the best interest of Kindness Ranch.

1. Purpose

The purpose of this policy is to protect the interests of Kindness Ranch when it is contemplating entering into a transaction or arrangement that might benefit the private interest of a board member, officer, or staff member.

2. Definition

A conflict of interest arises when an individual’s personal, financial, or other interests interfere, or appear to interfere, with their duties to Kindness Ranch. This includes, but is not limited to, situations where an individual may have a direct or indirect financial interest in any transaction involving Kindness Ranch.

3. Disclosure

All board members, officers, and staff must disclose any actual or potential conflicts of interest, including any material financial interest in a transaction or arrangement involving Kindness Ranch. Such disclosure must be made in writing and submitted to the Executive Director or the Board of Directors.

4. Procedures

Upon disclosure, the board will evaluate the situation and determine whether a conflict of interest exists. If a conflict is determined, the individual with the conflict must recuse themselves from any discussions and decision-making related to the matter.

5. Compliance

Failure to disclose a conflict of interest or abide by this policy may result in disciplinary action, up to and including removal from the board or termination of employment.