Conflicts of Interest Policy

September 2021

Policy Principles

1.1    The purpose of this policy is to identify the types of conflict of interest that may arise and guide Trustees, Staff, Volunteers, Fundraisers and anyone helping or working with TADCT in what action to take if a conflict of interest arises.

 

Types of Conflict of Interest

2.1 Identifying Conflicts of Interest

Financial conflicts happen when a trustee, volunteer or person or organisation connected to them, could gain monetarily or materially  from a decision made by the Trustees or a Volunteer with delegated authority.

2.2 Loyalty Conflicts

Loyalty conflicts happen when, a trustee or volunteer with delegated authority might not be able to make decisions that are best for the charity.

2.3 Philosophical Conflicts

Philosophical Conflicts arise when a person associated with TADCT has views that are opposed the fundamental Principles and Objectives of The Aortic Dissection Charitable Trust and the actions being taken by the Trustees and Volunteers in pursuit of those Principles and Objectives.

 

Declare Conflicts of interest

Declare the nature and extent of any interest, direct or indirect, which he or she has in a proposed transaction or arrangement with the charity or in any transaction or arrangement entered into by the charity which has not been previously declared.

 

Manage Conflicts of Interest

Absent themselves from any discussions of the charity trustees in which it is possible that a conflict will arise between their duty to act solely in the interests of the charity and any personal interest (including but not limited to any personal financial interest).

 

Actions to take when Conflicts of Interest arise

3.1    Declare the Conflict of Interest

The person with the Conflict of Interest must declare the nature and extent of any such interest, direct or indirect, which they have in any proposed transaction or arrangement with the charity or in any transaction or arrangement entered into by the charity which has not been previously declared.

3.2    Manage the Conflicts of Interest

Any charity trustee absenting himself or herself from any discussions in accordance with this clause must not vote or be counted as part of the quorum in any decision of the charity trustees on the matter.

3.3  Managing Finance Conflicts of Interest

The person with the Conflict of Interest must remove themselves from any discussions of the conflicting issue or charity trustees in which it is possible that a conflict will arise between their duty to act solely in the interests of the charity and any personal interest (including but not limited to any personal financial interest).

 

Register of Conflicts of Interest

When a person identifies that a conflict of interest exists, either for themselves or another person involved with TADCT, The individuals and the nature of the conflict will be recorded in the charity “Conflicts of Interest Register”.

 

Examples of Conflicts of interest

5.1    A volunteer may be required to stand down from an activity or role if there is a conflict of interest. For example, a member of a support grants sub-committee that is assessing an application for a family member of their own family.

 

Other relevant policies

Volunteering Policy

Volunteer Code of Conduct

Volunteering Expenses Policy

 

The Aortic Dissection Charitable Trust

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