Conflict of Interest
Conflict of Interest policy requires disclosure of an office bearer’s personal, professional or business interests that may affect the NHSF goal of independence, influence decision-making or provision of objective information.
The NHSF Conflict of Interest Policy is in place and forms part of the By-Laws of the Foundation (Article VII). It is the duty of the Directors to adopt and adhere to a conflict of interest policy. The policy exists to protect and maintain the independence of the Foundation and to protect the Foundation’s interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director. The document covers the following topics:
- Duty to Disclose
- Determining Whether a Conflict of Interest Exists
- Procedures for Addressing Conflict of Interest
- Addressing Violations of the Conflicts of Interest Policy
The NHSF Conflict of Interest Policy includes definitions of interested persons, financial interest and related-party interest. The document also requires records of proceedings to be maintained and that every director, officer or member of a committee shall annually sign a conflict of interest statement.