It is the policy of the ISDTA that real or apparent conflicts of interest involving the proprietary interests of persons covered by this policy or their immediate families are undesirable. However, they can be rendered harmless if there is full and prompt disclosure. The person involved may speak to an issue but in no way may participate in the vote taken concerning that issue. This policy applies to all board of directors, board alternates, officers, lifetime advisors and employees who act for the ISDTA board of directors.
This policy will include but not be limited to:
- Goods or Services – vendors, suppliers, or contractors likely to be soliciting business from the ISDTA
- Interest in Other Entities – investments in anything where there is potential for conflict of interest
- Other – anything where interests or loyalty is in conflict with the ISDTA
Dual interest or conflicts-of-interest can exist. It is recognized that such dual interests are not by definition improper and may in fact be beneficial to and consistent with the goals of ISDTA. However, to avoid even the appearance of impropriety, the board of directors adopts this policy on conflicts of interest.
Every ISDTA board member, alternate, officer, lifetime advisor, and employee need to review the policy, sign at the first board meeting each fiscal year (April).
POLICY: Any duality of interest or possible conflict of interest on the part of any member of the ISDTA board of directors shall be disclosed to the other board members and made a matter of record through an annual procedure and also when the interest becomes a matter of board action. Any board member having a duality of interest or possible conflict of interest on any matter shall not vote or use their personal influence on the matter and they shall not be counted in determining the quorum for the meeting even where permitted by law.
The minutes of the meeting shall reflect that a disclosure was made as well as the abstention from voting and the quorum situation.