Orange County NC Website
Browse       Search
DocuSign Envelope ID: FB3E3E71-F2B8-41 1A-81 C9-1392ACCOFE1 1 <br /> 4. Violations <br /> a. If the governing board or committee has reasonable cause to believe a member has <br /> failed to disclose actual or possible conflicts of interest, it shall inform the member <br /> of the basis for such belief and afford the member an opportunity to explain the <br /> alleged failure to disclose. <br /> b. If, after hearing the member's response and after making further investigation as <br /> warranted by the circumstances, the governing board or committee determines the <br /> member has failed to disclose an actual or possible conflict of interest, it shall take <br /> appropriate disciplinary and corrective action. <br /> ARTICLE IV. RECORDS OF PROCEEDINGS <br /> The minutes of the governing board and all committees with board delegated powers <br /> shall contain: <br /> a. The names of the person who disclosed or otherwise were found to have a financial <br /> interest in connection with an actual or possible conflict of interest, the nature of <br /> the financial interest, any action taken to determine whether a conflict of interest <br /> was present, and the governing board's or committee's decision as to whether a <br /> conflict of interest in fact existed. <br /> b. The names of the persons who were present for discussions and votes relating to <br /> the transaction or arrangement, the content of the discussion, including any <br /> alternatives to the proposed transaction or arrangement, and a record of any votes <br /> taken in connection with the proceedings. <br /> ARTICLE V. COMPENSATION <br /> a. A voting member of the governing board who receives compensation, directly or <br /> indirectly, from the Organization for services is precluded from voting on matters <br /> pertaining to that member's compensation. <br /> b. A voting member of any committee whose jurisdiction includes compensation <br /> matters and who receives compensation, directly or indirectly, from the <br /> Organization for services is precluded from voting on matters pertaining to that <br /> member's compensation. <br /> c. No voting member of the governing board or any committee whose jurisdiction <br /> includes compensation matters and who receives compensation, directly or <br /> indirectly, from the Organization, either individually or collectively, is prohibited <br /> from providing information to any committee regarding compensation. <br /> Conflict of Interest Policy for The Community Empowerment Fund <br /> Page 3 of 4 <br />