Board “Conflict of Interest” Statement
The Board of Trustees affirms that the trustees, officers, administrators, faculty and other employees of the School have an obligation to exercise their authority and to carry out the duties of their respective positions for the sole benefit of the School. They should avoid placing themselves in positions in which their personal interests are, or may be, in conflict with the interests of the School. Where a potential conflict of interest exists, it shall be the responsibility of the person involved or any other person with knowledge to notify the Board of Trustees of the circumstances resulting in the potential conflict so that the Board of Trustees can provide such guidance and take such action as it shall deem appropriate. Areas of potential conflict of interest are:
(A) Ownership by the individual, directly or indirectly, of a material financial interest in any business or firm (i) from which the School obtains goods or services, or (ii) which is a competitor of the School.
(B) Competition by the individual, directly or indirectly, with the School in the purchase or sale of property or any property right or interest.
(C) Representation of the School by the individual in any transaction or activity in which the individual, directly or indirectly, has a material financial interest.
(D) Any other circumstance in which the individual may profit, directly or indirectly, from any action or decision by the School in which he or she participates, or which he or she has knowledge.
Disclosure or use by the individual of confidential information about the School, its activities or intentions, for the personal profit or advantage of the individual or any person.
CONFLICTING INTERESTS OTHER THAN FINANCIAL
Representation as director, officer, agent, or fiduciary of another company, institution, agency or person in any transaction or activity which involves this School as an adverse party or with adverse interests.
GIFTS OR FAVORS
Acceptance of gifts or favors from any firm or individual which does or seeks to do business with, or is a competitor of, the School under circumstances which imply reasonably that such action is intended to influence the individual in the performance of his or her duties.