Conflict of Interest Policy: Difference between revisions
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== Definitions == | == Definitions == | ||
# '''Conflict of Interest''' - see section 3 below. | # '''Conflict of Interest''' - see section 3 below. | ||
# '''Interested Person''' - any person serving as an officer, employee or member of the Board of Directors of | # '''Interested Person''' - any person serving as an officer, employee or member of the Board of Directors of Bike Edmonton or a major donor to Bike Edmonton or anyone else who is in a position of control over Bike Edmonton who has a personal interest that is in conflict with the interests of Bike Edmonton. | ||
# '''Family Member''' - a spouse, parent, child or spouse of a child, brother, sister, or spouse of a brother or sister, of an interested person. | # '''Family Member''' - a spouse, parent, child or spouse of a child, brother, sister, or spouse of a brother or sister, of an interested person. | ||
# '''Material Financial Interest''' - an entity is a financial interest of any kind, which, in view of all the circumstances, is substantial enough that it would, or reasonably could, affect an Interested Person or Family Member's judgment with respect to transactions to which the entity is a party. | # '''Material Financial Interest''' - an entity is a financial interest of any kind, which, in view of all the circumstances, is substantial enough that it would, or reasonably could, affect an Interested Person or Family Member's judgment with respect to transactions to which the entity is a party. | ||
# '''Contract or Transaction''' - any agreement or relationship involving the sale or purchase of goods or services, the providing or receipt of a loan or grant, the establishment of any other type of financial relationship, or the exercise of control over another organization. The making of a gift to | # '''Contract or Transaction''' - any agreement or relationship involving the sale or purchase of goods or services, the providing or receipt of a loan or grant, the establishment of any other type of financial relationship, or the exercise of control over another organization. The making of a gift to Bike Edmonton is not a Contract or Transaction. | ||
== Conflict of Interest == | == Conflict of Interest == | ||