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ACTE Conflict of Interest Policy


 ACTE Conflict of Interest Policy

Article I

The purpose of the conflict of interest policy is to protect the interests of this tax-exempt organization, (the “Organization”), when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the Organization or might result in a possible excess benefit transaction. This policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest applicable to nonprofit and charitable organizations.

Article II

1. Interested Person

Any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, as defined below, is an interested person.

2. Financial Interest

A person has a financial interest if the person has, directly or indirectly, through business, investment, or family:

    a. An ownership or investment interest in any entity with which the Organization has a transaction or arrangement,
    b. A compensation arrangement with any entity or individual with which the Organization has a transaction or arrangement, or
A proposal of ownership or investment interest in, or compensation arrangement with, any entity or individual with which the Organization is negotiating a transaction or arrangement. Compensation includes direct and indirect remuneration as well as gifts or favors that are not insubstantial.

A financial interest is not necessarily a conflict of interest. Under Article III, Section 2, a person who has a financial interest may have a conflict of interest only if the appropriate governing board or committee decides that a conflict of interest exists.

 Article III

    a. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement.
    b. The remaining board or committee members shall decide if a conflict of interest exists.

After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon.

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Techniques Advert Events Partners Countdown   ACTE's state associations and affiliates form the backbone of local CTE organizing and advocacy. Click our interactive map to check your state for a member association!  For state Web address changes or updates on the ACTE-hosted state Web pages, e-mail the Webmaster or call 800-826-9972. Also, visit our Membership Categories Web page. In addition, if you are interested in learning more about the CTE delivery system in each state, please check out our State Fact Sheets that give a quick overview of CTE by state and our more detailed State Profiles.  2012 State Association Leadership Directory  ACTE State Association Leaders' Resources  ACTE Leadership Training Program 

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ACTE Calendar

Monday, February 29, 2016

National Policy Seminar 2016

Friday, April 08, 2016

Region IV 2016 Conference

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