IAFP Conflict of Interest Policy and Disclosure Statement |
Please complete each calendar year
The IAFP Board of Directors, officers, staff, as well as members serving in other organizational capacities (such as members of committees, task forces and interest groups and IAFP representatives to external entities) must act at all times in the best interest of the IAFP. The purpose of this policy is to help inform members and staff about what constitutes a conflict of interest, provide assistance in identification and disclosure of actual and potential conflicts, and help ensure the avoidance and resolution of conflicts of interest where necessary. This policy may be enforced as described below:
1. Individuals serving in representational capacities (e.g., Board members, committee, task force and interest group members) or in employment capacities have a fiduciary duty to conduct themselves without conflict to the interests of the IAFP. In these capacities, they must subordinate personal, individual business, third-party and other interests to the welfare and best interests of the IAFP.
2. A conflict of interest is a transaction or relationship which presents or may present a conflict between an individual's obligations to the IAFP and the individual's personal, business or other interests.
a. Generally, a conflict of interest could be said to exist when individuals have material interests outside the IAFP which could influence them, or could be perceived as influencing them to act contrary to the best interests of the IAFP and for their own personal benefit or the benefit of a relative or business associate.
b. Frequently the type of interest resulting in a conflict would be financial, such as an individual who has an association with a third party through a grant or stipend, an ownership interest, an employment relationship, or a consultative or advisory arrangement.
c. In some instances a conflict of interest may exist even though the conflict does not arise out of financial considerations. For example, a member of the IAFP Board of Directors also may have a fiduciary responsibility as a member of the Board of Directors of another organization. If the interests of that organization were contrary to the IAFP's interests, a situation could exist in which the individual could not fulfill his or her fiduciary
responsibilities to both organizations.
3. All conflicts of interest are not necessarily prohibited or harmful to the IAFP. However, full disclosure of all actual and potential conflicts, and a determination
by the disinterested entity (such as the Board or a committee, task force or interest group) - with the interested individual(s) recused from participating in debates and voting on the matter are required.
4. All actual and potential conflicts of interest shall be disclosed by members serving in representational capacities and by designated staff through the annual disclosure statement and/or whenever a conflict arises. The disinterested members of the representational entity (such as the Board or a committee, task force or interest group) shall make a determination as to whether a conflict exists and what subsequent action is appropriate (if any). Determinations at the staff level shall be made by the Co-CEOs or his/her designee(s).
5. On an annual basis, all Board members, officers, other members serving in representational capacities and designated staff shall be provided with a copy of
this policy and are required to complete and sign the disclosure statement below.
The IAFP will provide all members of each entity (e.g., Board, committees, task forces and interest groups) with copies of the disclosure statements for all members of their respective entities
1. Individuals serving in representational capacities (e.g., Board members, committee, task force and interest group members) or in employment capacities have a fiduciary duty to conduct themselves without conflict to the interests of the IAFP. In these capacities, they must subordinate personal, individual business, third-party and other interests to the welfare and best interests of the IAFP.
2. A conflict of interest is a transaction or relationship which presents or may present a conflict between an individual's obligations to the IAFP and the individual's personal, business or other interests.
a. Generally, a conflict of interest could be said to exist when individuals have material interests outside the IAFP which could influence them, or could be perceived as influencing them to act contrary to the best interests of the IAFP and for their own personal benefit or the benefit of a relative or business associate.
b. Frequently the type of interest resulting in a conflict would be financial, such as an individual who has an association with a third party through a grant or stipend, an ownership interest, an employment relationship, or a consultative or advisory arrangement.
c. In some instances a conflict of interest may exist even though the conflict does not arise out of financial considerations. For example, a member of the IAFP Board of Directors also may have a fiduciary responsibility as a member of the Board of Directors of another organization. If the interests of that organization were contrary to the IAFP's interests, a situation could exist in which the individual could not fulfill his or her fiduciary
responsibilities to both organizations.
3. All conflicts of interest are not necessarily prohibited or harmful to the IAFP. However, full disclosure of all actual and potential conflicts, and a determination
by the disinterested entity (such as the Board or a committee, task force or interest group) - with the interested individual(s) recused from participating in debates and voting on the matter are required.
4. All actual and potential conflicts of interest shall be disclosed by members serving in representational capacities and by designated staff through the annual disclosure statement and/or whenever a conflict arises. The disinterested members of the representational entity (such as the Board or a committee, task force or interest group) shall make a determination as to whether a conflict exists and what subsequent action is appropriate (if any). Determinations at the staff level shall be made by the Co-CEOs or his/her designee(s).
5. On an annual basis, all Board members, officers, other members serving in representational capacities and designated staff shall be provided with a copy of
this policy and are required to complete and sign the disclosure statement below.
The IAFP will provide all members of each entity (e.g., Board, committees, task forces and interest groups) with copies of the disclosure statements for all members of their respective entities