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Conflict-of-interest checklist for nonprofits

Does your nonprofit have a conflict-of-interest policy? Are board members required to pledge to disclose all possible conflicts? To protect your exempt status, review this checklist of best practices.Not-for-profit board officers, directors, trustees and key employees must avoid conflicts of interest because it’s their duty to do so. Any direct or indirect financial interest in a transaction or arrangement that might benefit one of these individuals personally could result in the loss of your organization’s tax-exempt status — and its reputation.

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