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Conflict of InterestPurposeThe purpose of FLR's Conflict of Interest Policy is to raise awareness, re-affirm our “culture of openess and transparency,” and protect FLR's reputation and integrity. This policy reuires that all members of the FLR Leadership Team (henceforth referred to as “Members”) are to act in the best interest of FLR, and that Members with a conflict, or who think they may have a conflict, are to disclose the conflict/potential conflict promptly.Failure to adhere to this policy may result in either a real or apparent conflict of interest for FLR. This can be especially problematic in the nonprofit, animal-rescue domain when Members have significant relationships with other nonprofit or for-profit organizations whose products, services, or businesses are related to the goals of FLR. This policy was developed in part fulfillment of our fiduciary duties, per IRS rules and regulations regarding 501(c)3 organizations. It is divided into the following sections: Purpose, Definitions, Examples, Procedures, Violations. DefinitionsLeadership TeamMembers of the Leadership Team are those in positions in top two levels of the FLR Organizational Chart. These positions include the Board of the Directors, all Coordinators, the Administrative Assistant, and the Photographer. The only position in the second level of the Organizational Chart that is not a Member is the Accountant, as the services he/she provides are outside of FLR's daily operations. Conflict of InterestA conflict of interest concerns a Member who has a barrier that prevents them from being impartial and loyal to FLR. Conflicts can arise from personal, professional, or volunteer positions or relationships. Conflicts can be any commitment, investment, relationship, obligation, or involvement, financial or otherwise, that may influence a Member’s judgment as he/she discharges FLR-related duties. A conflict may occur when a Member's obligations to FLR are at odds with their own (possibly financial) interests. Apparent Conflict of InterestAn apparent conflict of interest is a situation that causes a third party to question whether a Member can be objective and impartial because of a competing interest in which the Member may have dual allegiance. Interested/Disinterested MembersAn interested Member is one with a (potential) conflict of interest. A disinterested Member has no involvement with the conflict. ExamplesThis section lists activites that are prohibited and activities that are considered acceptable. The two lists below are not comprehensive and are included only as examples.Members are prohibited from:
ProceduresDisclosureThe Member with a conflict (or potential conflict) shall notify the FLR Compliance Officer (the Administrative Director currently serves in this capacity) promptly. If the Administrative Director has the conflict, he/she shall notify the Executive Director.Conflict ManagementThe FLR Board of Directors shall determine if a conflict of interest exists, and the measures needed to address the conflict and protect FLR's interests by following the procedures below.Review by the Board of DirectorsThe Board may ask questions of and receive presentation(s) from the interested Member(s) and any other interested person(s), but shall deliberate and vote on the conflict in their absence. If the conflict is a transaction into which FLR is considering entering, the Board may also investigate alternatives that present no conflict as part of the review. The Board will determine if all material facts regarding the conflict of interest have been disclosed, and if so whether entering into the transaction is in FLR’s best interest.Recording the ProceedingsThe minutes of any meeting of the Board pursuant to this policy shall contain:
Annual Disclosure and Compliance StatementsAnnually, Members will complete and submit the Conflict of Interest Disclosure Form. This will be done in December of each calendar year. This form affirms that the Member has read and understands the Conflict of Interest Policy and agrees to comply with the policy. The form also gives Members the opportunity to disclose any financial interests and all relationships which may influence the way Members carry out their FLR-related responsibilities and create conflicts of interest.Annual ReviewsTo ensure that FLR operates in a manner consistent with its status as an organization exempt from federal income tax, the Board shall authorize and oversee an annual review of the administration of this Conflict of Interest Policy. The review may be written or oral. The review shall consider the level of compliance with the policy, the continuing suitability of the policy, and whether the policy should be modified and improved. This review will be performed after the annual disclosure statements have been received and reviewed. ViolationsIf the Board of Directors has reasonable cause to believe that Member has failed to disclose actual or possible conflicts of interest, including those arising from a transaction with a related interested person, it shall inform the Member of this belief (and how it was reached), and give the Member the opportunity to explain the alleged fairlure to disclose. If, after hearing the Member’s response and investigating further if warranted by the circumstances, the Board determines that the Member has failed to disclose an actual or possible conflict of interest, the Board shall take appropriate disciplinary and corrective action.
Adoption of the Conflict of Interest PolicyWe, the undersigned, are all the initial Directors of Fierce Love Rescue, and we consent to, and hereby do, adopt the Conflict of Interest Policy, adopted and approved by the Board of Directors on this 9th day of March, 2019.Jennifer Yanavitch, Executive Director Rachel Johnson, Assistant Executive Director Cassie Dikeman, Medical Director Rachel Olivieri, Marketing Director Susan Keenan, Administrative Director |
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