This policy helps charities manage any conflicts of interests their board members may have. It outlines a process for disclosing conflict of interests so that the integrity of the charity is maintained. This policy also helps to ensure compliance with Governance Standard 5 as set by the Australian Charities and Not-for-profits Commission.

Use this Policy if:

• You need to create a process for disclosure of any conflicts of interest your board members may have;

• You want to ensure that board members are aware of their obligations regarding any conflict of interest;

• Your charity needs clarity on how to record and monitor any disclosed conflicts of interest;

• You want to clarify what constitutes a conflict of interest;

• You would like to communicate how any disclosed conflicts of interest are managed, and establish relevant sanctions for a breach;

• You seek to comply with obligations placed on responsible persons governing a charity by the Australian Charities and Not-for-profits Commission.

What does this Policy cover?

• Clarification of what constitutes a conflict of interest;

• Establishes the board’s responsibility to manage conflicts of interest;

• The process for identifying and declaring any conflict of interest;

• Confidentiality of disclosures;

• The actions required to manage conflicts of interest once disclosed, and the relevant factors to consider when deciding what action to take;

• Actions for breach of the policy.

Further information:

• How to start a charity

• 5 things to consider when setting up a charity or religious organisation