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Conflict of Interest Policy for Trustees, Officers, and Key Employees - about mercer

Conflict of Interest Policy for Trustees, Officers, and Key Employees - about mercer 2025

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The document outlines the Conflict of Interest Policy for Trustees, Officers, and Key Employees at Mercer University. It emphasizes the fiduciary responsibilities of these individuals to act in the best interest of the institution and the public. The policy requires annual disclosure of any potential conflicts of interest related to personal, familial, or business relationships that could affect decision-making. It also includes guidelines on participation in discussions involving conflicts, restrictions on accepting gifts, confidentiality obligations regarding university information, and a disclosure form for reporting interests that may pose a conflict.

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Click ‘Get Form’ to open it in the editor.
Begin by reviewing the Scope section to understand who is required to comply with this policy. This includes all members of the Board of Trustees and key employees.
In the Fiduciary Responsibilities section, acknowledge your obligation to act in the best interest of Mercer University. Ensure you are familiar with what constitutes a conflict of interest.
Proceed to the Disclosure section. Here, list any substantive relationships that could affect your judgment. If uncertain, consult with the chair or President for guidance.
Complete the Gifts section by confirming you will not accept gifts exceeding $250 from entities doing business with Mercer University.
Finally, sign and date the form at the bottom, affirming that you have read and understood the policy.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a conflict of interest in the board of trustees?

A conflict of interest occurs when a Trustees financial, professional, or other personal consideration may directly or indirectly affect, or have the appearance of affecting, their professional judgment in exercising their responsibilities as a Trustee.

What is a conflict of interest policy for employees?

Simply put, conflict of interest refers to situations where the personal interests of employees, board members, or even contractors might go against that of the organization they work for, putting the company at a disadvantage. That means they might do something that somehow undermines your organization.

What constitutes a conflict of interest on a board?

Such conflicts may exist, for example, where the Board member has a past or present relationship with a program under consideration for accreditation, or with a person who is employed in or closely associated with such program.

What is a key employee conflict of interest?

Directors, officers, and key employees must have an undivided allegiance to the Organizations mission and may not use their position, information they have about the Organization, or the Organizations property, in a manner that allows them to secure a pecuniary or other material benefit for themselves or their

How do you write a conflict of interest policy?

To cover your bases, here are some of the details you should include in your conflict of interest policy: A statement about an individuals duty to disclose any conflicts of interest. The process for reviewing potential conflicts of interest. Details about disciplinary actions for violating the policy.

What are the 4 types of conflict of interest?

The types of conflict of interest include romantic or relational, financial, competitive, and confidential conflict of interests. They all involve individuals engaging in activities that lead to personal gain at the expense of the organizations they work for.