Latino Corporate Directors Education

“Latino corporate directors association is the sole member of the foundation.”

“Latino corporate directors association has the ability to appoint one or more board members.”

“The prepared form 990 is reviewed by the members of the governing body before the return is filed with the irs.”

“All lcdef employees and members of the board of directors, when acting on behalf of the organization, must comply with all applicable federal, state, and international laws, uphold all organizational policies and practices, and comport themselves in accordance with the highest standards of ethical business conduct. In furtherance of that goal, the organization has developed policies that seek to avoid or minimize potential conflicts between the personal interests of lcdef and those of employees and board members. The purpose of the policy is to ensure that decisions about lcdef's operations and about the use or disposition of lcdef's assets are made solely on the basis of whether they serve the organization's, rather than an individual's, interests. The policy seeks to ensure that decisions about lcdef's operations and assets are not influenced by the desire for personal gain or profit on the part of any individual. In addition to actual conflicts of interest, all employees and members of the board of directors subject to this policy are obliged to avoid any actions or activities that are, or could be perceived as being, in conflict with organizational interests. All lcdef employees and members of the board of directors must sign a conflict of interest compliance certification annually. Conflicts of interest can occur when the organization enters into transactions with persons, businesses, or non-profit organizations that have relationships with its employees, board members or officers. To avoid actual or potential conflicts of interest, or the appearance of a conflict of interest, individuals subject to lcdef's policy should always disclose any connections or relationships with organizations, persons or businesses seeking to do business with the organization, and refrain from participating in decisions affecting transactions between lcdef and those organizations, persons or businesses. The mere existence of a connection or relationship with a person or business does not prevent a transaction from taking place, rather it requires that: the relationship be disclosed; only disinterested individuals participate in decisions regarding transactions between lcdef and the person or business; and, the terms of the transaction are fair and reasonable compared to those available in other commercial transactions where the parties are entirely independent of one another. Employees and members of the board of directors of lcdef have a duty to be free from conflict of interest when they represent the organization or make recommendations with respect to interactions between the organization and other entities. Employees must deal with suppliers and all others doing business with the organization on the sole basis of what is in the best interest of the organization, without favor or preference to third parties based on personal considerations. In particular: employees and members of the board of directors who have relationships with individuals or businesses that seek to do business with the organization-or who make recommendations with respect to such dealings or pass judgment upon them - shall not own any interest in, or have any personal agreement or understanding with, such third parties that would tend to influence the employees' decisions with respect to the business of the organization, unless expressly authorized in writing after the interest, agreement, or understanding has been disclosed. No employees or member of the board of directors shall seek or accept, directly or indirectly, personal payments, loans or services, excessive entertainment, or travel or gifts of more than nominal value from any individual or business doing or seeking to do business with the organization. This provision shall not, however, prevent employees and members of the board of directors from accepting or making use of rooms or entertainment provided by facilities on a complimentary or upgraded basis in connection with an organizational conference, seminar,”

“The association makes its governing documents and financial statements available to the public upon request.”