Conflict of Interest

Policy Number 1
Effective Date July 1, 2007

TITLE: CONFLICT OF INTEREST

RATIONALE: Every employee, officer, agent or member of the New River Community and Technical College Foundation Board, its committees and/or chapters serve a common interest and have a clear obligation to conduct all affairs in a manner consistent with established laws and the concept of public trusts. All decisions should be based on promoting the best interest of the Foundation and New River Community and Technical College.

As an employee, officer, agent or member of the Foundation, its committees and/or chapters, you must:

Neither cast a vote on, nor participate in any decision-making capacity on the provision of services by such member or by an organization that such member directly represents; nor on any matter which would provide any direct benefit to such member or the immediate family* of such member.

Disclose any potential conflict of interest to the Foundation Board as soon as the potential conflict is discovered. If the potential conflict of interest is discovered during a board or council meeting, the member must declare such potential conflict and excuse themselves from the remainder of the discussion and voting on that item.

Not engage in any business transaction or private-for-profit arrangement which accrues from that members position on the board.

Consult the Foundations Board of Directors for an opinion if there are any doubts of a situation involving conflict of interest.

Not engage in any other activity determined by the Foundations Board of Directors to constitute a conflict of interest.

No member, officer, employee or agent of the Foundation Board shall: (1) solicit or accept gratuities, favors, or anything of monetary value from contractors or suppliers or potential contractors or suppliers for personal gain; (2) solicit, accept, or agree to accept any benefits for exercising Foundation Board authority in performing their duties for personal gain; and (3) perform their duties in a manner contrary to the rules of the State of West Virginia Ethics Commission.

A board or chapter member who participates in decisions relating to specific terms of a contract, the determination of performance standards in a contract, or the development of a contract is prohibited from receiving any direct financial benefit from any resulting contract.

*For purposes of this policy, immediate family means a spouse residing in the individuals household and any dependent child or children and dependent parent or parents.