The purpose of this conflict of interest policy is to protect Epsilon Sigma Phi’s interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the Organization or might result in a possible excess benefit transaction. This policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest application to non-profit and charitable organizations.
Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person:
When conducting the periodic reviews as provided for in Article 7, the Organization my, but need not, use outside advisors. If outside experts are used, their use shall not relieve the governing board of its responsibility for ensuring periodic reviews are conducted.