How do we manage conflicts of interest on our board?
We’ve got a situation where one of our board members runs a printing business and we regularly use that business for our publications and event materials. It’s been going on for years and nobody ever raised it as an issue. Now we’re trying to tighten up our governance and I’m wondering if we need to do something about this formally. Do we need a written conflict of interest policy? And what do we do about situations that are already ongoing — do we have to stop using his business or is it okay if we just declare it going forward?
James B. Changed status to publish