Lifebridge Partnership

“The Executive Director distributes the draft via email to the Finance Committee for comments and questions. Any comments/questions are addressed via email to the full committee. Once addressed, I request acknowledgement that they are in aggreement with filing the return. The full board receives a copy after it has been filed.”

“The Board of Directors recognizes that a conflict of interest may exist in a transaction with LifeBridge Partnership whereby the transaction may hold a material interest for a related party. This policy defines confilcts of interest, promotes full disclosure of transactions that may hold a conflict of interest, and provides guidelines for the authorization of such transactions when appropriate. In general, a conflict of interest may be defined as acceptance or receipt of compensation in any form, other than normal compensation for employees and reimbursement of expenses for either employees or board members in the normal course of business or entering, as an individual or on behalf of a business entity, into a contract or agreement with LifeBridge Partnership to sell property/goods or to provide services to the agency.”

“In the event a possible conflict of interest exists, a majority of the Executive Committee or a majority of a quorum of the Board of Directors of LifeBridge Partnership may approve the transaction pursuant to the following The Chief Executive Officer and an officer of the Board of Directors fully define the nature of the potential conflict of interest and quantify the benefit to the board member or employee. The transaction shall be subject to a competitive bidding process. The Board of Directors is fully advised of the nature of the transaction, the benefit to the related party, and the competitive bid information. The board member or employee who is involved in the potential transaction shall not vote of be present when a vote is cast on any aspect of the proposed transaction, influence or attempt to influence the vote on any aspect of the potential transaction, or take part in any discussion of the merits of such transaction, except to provide clarification on goods/services to be provided.”

“Minutes shall be kept to reflect adherence to this policy in the discussion and vote by the Board of Directors on any transaction presenting a potential conflict of interest. All current board members and employees shall affirm their understanding and compliance with this policy on an annual basis.”