Conflict of Interest
Policy Statement Background:
The purpose of the following policy and procedures is to prevent the personal interest of staff members, board members, and volunteers from interfering with the performance of their duties to PMI - Northeast Wisconsin or result in personal financial, professional, or political gain on the part of such persons at the expense of PMI - Northeast Wisconsin or its Members, supporters, and other stakeholders.
Policy Statement:
1. Full disclosure, by notice in writing, shall be made by the interested parties to the full Board of Directors in all conflicts of interest, including but not limited to the following:
- A board member is related to another board member or staff member by blood, marriage or domestic partnership.
- A staff member in a supervisory capacity is related to another staff member whom she/he supervises.
- A board member or their organization stands to benefit from an PMI - Northeast Wisconsin transaction or staff member of such organization receives payment from PMI - Northeast Wisconsin for any subcontract, goods, or services other than as part of her/his regular job responsibilities or as reimbursement for reasonable expenses incurred as provided in the bylaws and board policy.
- A board member's organization receives grant funding from PMI - Northeast Wisconsin.
- A board member or staff member is a member of the governing body of a contributor to PMI - Northeast Wisconsin.
- A volunteer working on behalf of PMI - Northeast Wisconsin who meets any of the situations or criteria listed above.
2. Following full disclosure of a possible conflict of interest or any condition listed above, the Board of Directors shall determine whether a conflict of interest exists and, if so the Board shall vote to authorize or reject the transaction or take any other action deemed necessary to address the conflict and protect PMI - Northeast Wisconsin’s best interests. Both votes shall be by a majority vote without counting the vote of any interested director, even if the disinterested directors are less than a quorum provided that at least one consenting director is disinterested.
3. A Board member or Committee member who is formally considering employment with PMI - Northeast Wisconsin must take a temporary leave of absence until the position is filled. Such a leave will be taken within the Board member's elected term which will not be extended because of the leave. A Board member or Committee member who is formally considering employment with PMI -
4. Northeast Wisconsin must submit a written request for a temporary leave of absence to the Communications Director/Corporate Secretary of the PMI - Northeast Wisconsin Board, c/o the PMI - Northeast Wisconsin’s office, indicating the time period of the leave. The Communications Director/Corporate Secretary of PMI - Northeast Wisconsin will inform the President of the Board of such a request. The President will bring the request to the Board for action. The request and any action taken shall be reflected in the official minutes of the PMI - Northeast Wisconsin.
5. An interested Board member, officer, or staff member shall not participate in any discussion or debate of the Board of Directors, or of any committee or subcommittee thereof in which the subject of discussion is a contract, transaction, or situation in which there may be a perceived or actual conflict of interest. However, they may be present to provide clarifying information in such a discussion or debate unless objected to by any present board or committee member.
6. Anyone in a position to make decisions about spending PMI - Northeast Wisconsin’s resources (i.e., transactions such as purchases contracts) – who also stands to benefit from that decision – has a duty to disclose that conflict as soon as it arises (or becomes apparent); s/he should not participate in any final decisions.
7. A copy of this policy shall be given to all Board members, staff members, volunteers or other key stakeholders upon commencement of such person's relationship with PMI - Northeast Wisconsin or at the official adoption of stated policy. Each board member, officer, staff member, and volunteer shall sign and date the policy at the beginning of her/his term of service or employment and each year thereafter. Failure to sign does not nullify the policy.
8. This policy and disclosure form must be filed annually by all specified parties.
Definitions:
- Conflict of Interest: (also Conflict) Means a conflict, or the appearance of a conflict, between the private interests and official responsibilities of a person in a position of trust. Persons in a position of trust include staff members, officers, and board members of PMI - Northeast Wisconsin.
- Board: Means the Board of Directors of the PMI - Northeast Wisconsin.
- Officer: Means an officer of the Board of Directors.
- Volunteer: Means a person -- other than a board member -- who does not receive compensation for services and expertise provided to PMI - Northeast Wisconsin and retains a significant independent decision-making authority to commit resources of the organization.
- Staff Member: Means a person who receives all or part of her/his income from the payroll of PMI - Northeast Wisconsin.
- Member: Means a person who is defined as such under the PMI - Northeast Wisconsin bylaws.
- Supporter: Means corporations, foundations, individuals, 501(c) subchapter nonprofits, and other not-for-profit organizations who contribute to PMI - Northeast Wisconsin.
Procedure:
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Each party covered under this policy signs each page of this policy, along with the declaration form that is a part of this policy.
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The signed copy of this policy and declaration form is given to the VP Communications.
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The VP Communications shall store the signed copies in both paper and electronic format for a period of 7 years after December 31 of the year that the document was signed.
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The VP Communications shall destroy all paper and electronic copies after 7 years after December 31 of the year that the document was signed.
Example of a Conflict of Interest Disclosure/Declaration Form
This form must be filed annually by all specified parties, as identified in the PMI - Northeast Wisconsin Conflict of Interest Policy Statement (ratified by the PMI - Northeast Wisconsin’s Board of Directors on <date>.
_____ I have no conflict of interest to report
_____ I have the following conflict of interest to report (please specify and attach more pages if necessary):
The undersigned, by their affixed signature, note their understanding of the implications of this policy.
Signature:
Printed Name:_________________________
Date: _____________________________
