The fact that a proposed transaction or agreement involves a real or potential conflict of interest does not necessarily mean that it is illegal or prohibited, but simply requires that the following practices and procedures be followed. All real or potential conflicts of interest must be disclosed in accordance with these practices and procedures, and any insured person must refrain from participating in any decision-making on any matters on which his or her personal interests and those of the Foundation may be in conflict. 3. Members/Members of the Board of Directors Following the disclosure of a potential conflict of interest, members or the Board of Directors decide, if necessary, whether there is a conflict of interest, and, if so, members or the board of directors decide to approve or reject the transaction or take other measures deemed necessary to raise awareness and protect the interests of the Foundation. Voting is by a majority, not counting the votes of an interested member or director, even if the quorum is less than the quorum of disinterested members or directors, provided that at least one member or director of agreement is disinterested. A conflict of interest arises when a person has interests or loyalties in the workplace. For example, if Jenna is a manager at Great Bird Feeders, but is also independent of her best Bird Feeders competitors, she has a conflict of interest because she shares her loyalty between two competing companies. 4. During the life of the contracter must be adequately compensated: General commercial liability, errors and omissions and other forms of insurance, with insurers reasonably acceptable to the company, with sufficient insurance limits to cover the company and its affiliated companies and each of its senior executives, directors, representatives, employees, subsidiaries, partners, members, controllers and successors and beneficiaries of the transfer in the event of losses resulting from your agents, contractors, agents or employees, conduct, act or omission. The company is classified as an affiliate under this policy and, at the company`s written request, you submit an insurance certificate that verifies that insurance. c) Ending material conflicts.
Where such a conflict constitutes a significant conflict with and with the performance of the contractor`s obligations under this contract after a reasonable performance of the company, the company may terminate the contract without delay after written notification to the contractor; such termination of the contract comes into effect upon receipt of this notification by the contractor.
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