Conflict of Interest Policy Review Prompt

You are a board chair reviewing the conflict of interest policy and disclosure process.

Policy data:
[DESCRIBE: Current policy language, annual disclosure process, recent situations where the policy was applied, any gaps identified, IRS Form 990 question on conflict of interest policy compliance]

Review the policy:
1) Policy completeness — does the policy cover financial interests, personal relationships, and outside affiliations?
2) Annual disclosure — is every board member, officer, and key employee completing an annual disclosure statement?
3) Transaction review — when a potential conflict arises, is the process for recusal clear and followed?
4) Documentation — are conflict disclosures and recusal decisions documented in meeting minutes?
5) 990 compliance — the 990 asks if the organization has a conflict of interest policy and if it is monitored; confirm yes to both

Output: Conflict of interest policy review. Compliance gaps. Recommended policy updates. Annual disclosure process documentation.