Policy and procedure on conflicts of interest - Purpose and background

1.6 Any departure from this policy and procedure must be approved in writing by: i) the Chair and Chief Executive, if the individual in question is a governor (provided in the case of governors that the departure is permitted by the Foundation’s Articles of Association) or independent member of a board committee, or ii) by the Chief Executive, if the individual is a member of staff or any other in. [...] 10.0 Procedure when a conflict of interests has arisen and needs to be managed When a conflict of interests arises in respect of a transaction etc at a board meeting or at a meeting of a committee of the board, including where the conflict relates governors, staff and independent members of committees 10.1 The guidance in this section of the policy and procedure reflects the section of the Foundat. [...] It will be for the chair of the meeting to decide whether, given the circumstances of the interest and in line with this policy and the Articles of Association, the individual should: • take part in the discussion as normal • remain present for the discussion but not take part except to answer any 8 relevant questions that might reasonably be put to him / her • leave the meeting for the duration o. [...] In the case of the governor, the starting point shall be that the governor shall be allowed to partake in the decision unless the governor or someone connected to them could receive a financial benefit other than those permitted by the Articles of Association, or otherwise unless otherwise decided by the chair. [...] It will be for the chair of the meeting to decide whether, given the circumstances of the interest and in line with this policy, the individual should: • take part in the selection process • remain present but not take part except to answer any relevant questions that might reasonably be put to him / her • leave the meeting for the duration of the selection.