Board member dating employee
The IRS Form 990 asks about whether non-profit organizations have a written conflict of interest policy.It also asks how the board determines if a conflict exists and how the board manages conflicts.Whether it’s a commercial entity or a non-profit organization, nearly every director that serves on a board has an outside level of interest in the organization’s business.That’s a good thing from the perspective that board members share their areas of expertise with the rest of the board.But, when those co-workers are in a manager/subordinate relationship, the problems can be even more pronounced.
Manager/employee dating, in particular, may be prohibited by policy so it is always a good idea to check with the HR department or take a look at the policy handbook to see what rules your company has. In 2008, more than 13,867 sexual harassment claims were filed with the Equal Employment Opportunity Commission.
If the board member abstains from a vote regarding this matter, it should be recorded as an abstention in the minutes.
Example #2: In this case, there is a direct conflict of interest which can only be resolved by the board member resigning from his position on the board or dissolving his new small appliance business.
Conflicts of interest are likely to arise, so it’s important for boards to have a plan for how to address them when they surface.
Every set of bylaws should include a conflict of interest policy.
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The insurance agency pays the insurance agent a commission for all new business that the agent brings into the agency.