This was extracted (@ 2024-11-19 16:10) from a list of minutes
which have been approved by the Board.
Please Note
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WARNING: these pages may omit some original contents of the minutes.
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As the ASF grows in number of paid positions and is working to secure more sponsors, we should adopt a well-known financial conflict of interest policy. This is important to ensure that we have clear and consistent disclosures internally of financial interests in officer/director roles, as well as to show potential donors that we're following best practices for fiscal responsibility. I suggest the IRS example policy, which many non-profits use: https://www.irs.gov/instructions/i1023#en_US_2018_publink100061018 https://www.irs.gov/charities-non-profits/form-1023-purpose-of-conflict-of-interest-policy This also includes an annual review statement, which should be simple to automate and is also reported in filing our 990s. By general consent, this discussion will continue on the lists.
As the ASF grows in number of paid positions and is working to secure more sponsors, we should adopt a well-known financial conflict of interest policy. This is important to ensure that we have clear and consistent disclosures internally of financial interests in officer/director roles, as well as to show potential donors that we're following best practices for fiscal responsibility. I suggest the IRS example policy, which many non-profits use: https://www.irs.gov/instructions/i1023#en_US_2018_publink100061018 https://www.irs.gov/charities-non-profits/form-1023-purpose-of-conflict-of-interest-policy This also includes an annual review statement, which should be simple to automate and is also reported in filing our 990s. There are concerns about the necessity for and the overhead involved in establishing and reporting on COI policy. @Shane: continue to discuss establishing a COI policy on board@