Conflict of Interest and Trustee Liability Overview
Completion requirements
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Conflict of Interest
What should a board member do if they have a conflict of interest?
The board member MUST publicly state they have a conflict of interest.
The board member may abstain from voting and ask that the minutes reflect their abstention.
Depending upon the nature of the conflict, the board member may wish to avoid discussing the item and/or may even wish to leave the room while other board members discuss and act on an item.