WCSU Alumni Association Ethics/Conflict of Interest Statement
A conflict of interest is generally any activity that is, or appears to
be, opposed to the best interests of the WCSU Alumni Association or would
tend to impair independence of judgment or action in the performance of
- Board members should not work for an Association vendor or affinity
- Board members may not receive any gifts, loans, consulting fees, or
personal profit in connection with any transaction involving the
- Board members may not utilize Association lists or contacts to
market their own third-party goods and services, even if they are
unrelated to Association business.
- Board members who have a financial interest in any third party that
does business or desires to do business with the Association should
notify the Board of Directors in writing to create adequate protection
against the conflict.
- A financial interest in a third party by a close relative* of a
Board member is also treated as a financial interest of the Board
- If a conflict of interest exists, the Board member will disclose it
in writing to the Board of Directors and abstain from participation in
any decisions related to the conflict situation.
- Actual or apparent conflicts of interest should be avoided; if
unclear whether or not a situation creates a conflict of interest, it is
the Board member’s affirmative duty to fully disclose and bring the
matter to the Board of Directors for review and disposition.
- The Board of Directors is the ultimate enforcement authority with
respect to the interpretation and application of this policy.
*For the purposes of this provision, the term "close relative" shall be
deemed to include a parent, spouse, child, the spouse of a child, a
grandchild, brothers and sisters (including adopted siblings) both of the
whole, or half blood relation.