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.

Conflict of Interest policy