Purpose:
To protect The Robbery Investigators of Texas interests when a board member, officer, or key employee has a personal or financial interest in a transaction or decision.
What is a Conflict of Interest?
A conflict arises when personal interests could affect professional judgment. Examples include financial relationships (e.g., contracts, investments) Family or business ties with vendors or donors, acceptance of gifts from third parties
Disclosure Process:
Handling Conflicts:
Documentation:
Conflicts of interest and their resolution will be documented in a confidential Conflict Disclosure Log maintained by the board secretary or designated officer. This log will include the nature of the conflict, actions taken, and the outcome, and will be available for board review upon request.
Policy Enforcement:
Failure to disclose a known conflict may result in an internal review and, if necessary, disciplinary action including removal from the board.
Review:
This policy is reviewed annually and updated as needed.
To protect The Robbery Investigators of Texas interests when a board member, officer, or key employee has a personal or financial interest in a transaction or decision.
What is a Conflict of Interest?
A conflict arises when personal interests could affect professional judgment. Examples include financial relationships (e.g., contracts, investments) Family or business ties with vendors or donors, acceptance of gifts from third parties
Disclosure Process:
- Annually: All board members and key staff must submit a Conflict-of-Interest Disclosure Form each year.
- Ongoing: Any new conflicts that arise must be disclosed promptly.
Handling Conflicts:
- Recusal: Individuals with conflicts must abstain from related votes and decision-making.
- Discussion: The board will evaluate the disclosed conflict and may request additional information as needed.
Documentation:
Conflicts of interest and their resolution will be documented in a confidential Conflict Disclosure Log maintained by the board secretary or designated officer. This log will include the nature of the conflict, actions taken, and the outcome, and will be available for board review upon request.
Policy Enforcement:
Failure to disclose a known conflict may result in an internal review and, if necessary, disciplinary action including removal from the board.
Review:
This policy is reviewed annually and updated as needed.
