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•Conflict of
interest provision in bylaw can also be supplemented
by a specific conflict of interest policy
•Alternatively,
a conflict of interest policy can be worked into
an overall board conduct policy, which policy
could include
–a conflict of
interest section
–a
confidentiality section
–performance
expectations for directors
•A conflict of
interest policy should apply to all directors whether they are ex-officio or elected
•Policy should be
referenced in the director application and/or
consent form to be a director
•Adherence to
conflict of interest policy should be renewed
on a regular basis
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