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Conflicts of Interest, Confidentiality & Non-Disclosure Policy
Maintaining The Ark as a leader in non-profit corporate citizenship requires each of us to conduct our business with the highest standards of integrity. This policy regarding conflicts of interest, confidentiality and non-disclosure applies organization-wide.
Ark Board Members, Charter Members, employees and volunteers shall maintain confidentiality regarding Ark matters and refrain from obtaining, using or sharing any proprietary Ark information with any person or entity, including any list of The Ark’s contributors for personal or private solicitation purposes. “Proprietary information” includes all information or material that has or could have commercial value, or could provide other people or organizations with private contributor information, or could benefit another business that The Ark is engaged with or competes with.
Conflicts of Interest
Ark Board Members, Charter Members, employees and volunteers must avoid using their association with The Ark to enrich themselves or others while conducting Ark business. They must scrupulously avoid even the appearance of a conflict of interest.
No Ark Board Member, Charter Member, employee or volunteer shall derive any personal profit or gain, directly or indirectly, by reason of his or her affiliation with The Ark (except of course Ark employees are entitled to their job compensation). Each individual shall disclose to The Ark any personal interest which he or she may have in any matter pending before the organization and shall refrain from participation in any decision on such matter.
No Ark Board Member, Charter Member, employee, or volunteer should ever ask for any personal gift or favor from any individual or organization that does — or seeks to do — business with The Ark. However, it's all right to accept offered gifts, favors, or amenities that are of nominal value and do not involve personal gain or give the appearance of impropriety.
Similarly, you may not give an Ark-related gift or favor to anyone unless it involves Ark-approved sales promotions, advertising, or publicity, or unless it is of nominal value, and it does not give the appearance of impropriety.
Without first receiving approval from the Board of Directors, you must not acquire or hold any of the following financial interests in an organization with which The Ark does business:
- Any interest as a proprietor or partner.
- Any interest exceeding 5% of the total stock or bonds of a company.
- Any interest in the form of a loan, advance, or other financial arrangement in an amount greater than 5% of the combined capital and debt of a company (whether or not publicly owned).
Unless you receive approval from the Board of Directors, you must not be personally involved in any business transaction that The Ark may undertake with the organization in which you have a financial interest.
Formerly Standards of Conduct, approved by Board of Directors June 28, 2010
Revised and approved by the Board of Directors March 27, 2017