Conflict of Interest Policy for Board Directors

Governance > Board Policies > Conflict of Interest Policy for Board Directors

Authorised by Chief Executive Officer

Revised Date: 10 August 2022

Conflicts of interest and disclosure of interests

Any Board member who has in any way, directly or indirectly, a financial or other personal interest in any contract or arrangement or proposed contract or arrangement with Kyeema must declare the nature of such interest at the first meeting of the Board at which the contract or arrangement is taken into consideration or at the first meeting of the Board after the acquisition of that interest.

1.   No Director may remain present at any meeting of the Board during any consideration or discussion of, or the taking of any vote on any question with respect to, any contract or arrangement in which that Member has a financial or other personal interest.

2.   To the extent permitted by law this policy does not apply to a financial or other personal interest:

a)   that exists only because the Director belongs to a class of persons for whose benefit Kyeema was established; or

b)           that the Director has in common with all, or a substantial proportion of, the Members of the Incorporated Association, Kyeema.

3.   All Directors must disclose any financial or other personal interest by the completion of a declaration of interest form at the first Board meeting after the annual general meeting.

4.   If the Conflict of Interest Policy is breached, section 10.2 of the Rules states the disciplinary process that must be undertaken.

Related Policies, Procedures and Documents:

Annual Declaration of Interest GF-01

Conflict of Interest Register can be found in: K:\Admin\Board of Management