Conflict of Interest Policy for Mentor Me Now Foundation
Introduction
The Mentor Me Now Foundation (MMNF) is committed to upholding high business ethics, transparency, and accountability standards. This conflict of interest policy outlines the guidelines that all members of MMNF, including employees, volunteers, and board members, must adhere to to avoid conflicts of interest.
Definition of Conflict of Interest
A conflict of interest arises when an individual's interests or activities interfere, or appear to interfere, with MMNF's best interests. Such disputes may arise with relatives, friends, or associates of MMNF staff, volunteers, or board members, or any organization providing services or holding a business relationship with MMNF.
Disclosure of Conflicts
- MMNF staff, volunteers, and board members must disclose any actual or potential conflicts of interest that may arise.
- Disclosure must be made in writing to the MMNF Board of Directors, including details of the conflict and the individual's relationship to the conflict.
- Disclosure must be made as soon as the individual becomes aware of the conflict.
Evaluation and Resolution of Conflicts
- The MMNF Board of Directors is responsible for evaluating any conflicts of interest and making recommendations for resolving them.
- The Board may seek additional information or guidance as needed to evaluate the conflict and make an appropriate decision.
- All Board members who have a conflict of interest must recuse themselves from discussions and decision making related to the conflict.
Resolution of Conflicts may include:
- Modification of the relationship or activity with the conflicting party to reduce or eliminate the conflict of interest.
- Removal of the MMNF member from the situation that creates the conflict of interest.
- Other action as deemed appropriate by the MMNF Board of Directors.
Consequences of a Conflict of Interest
- Employees, volunteers, and board members who fail to disclose conflicts of interest may face disciplinary action up to and including termination or removal from the Board.
- Misuse of MMNF property or assets for personal gain or for the gain of anyone else not authorized by MMNF may result in legal action.
Conclusion
This Conflict of Interest Policy outlines the measures that MMNF takes to ensure transparency and accountability in its operations. By disclosing and addressing potential conflicts of interest, we uphold the highest standards of integrity and ethical behavior in our work and relationships with our stakeholders.
