This Conflict of Interest Policy governs the activities of the board and staff of the Roaring Fork Leadership (RFL) . It is the duty of all board members and staff to be aware of this policy and to identify conflicts of interest and situations that may result in the appearance of a conflict and to disclose those situations, conflicts, or potential conflicts to the President of the Board or Executive Director, as appropriate. This policy provides guidelines for identifying conflicts, disclosing conflicts and procedures to be followed to assist RFL manage conflicts and situations that may result in the appearance of a conflict.

1. What is a conflict of interest? A conflict of interest arises when a board or staff member has a personal interest that conflicts with the interests of RFL or has divided loyalties (also known as a “duality of interest”) between RFL and another person or entity, including an employer. These conflicts can result in situations that result in inappropriate financial gain to persons in authority at RFL, which can lead to financial penalties and violations of IRS regulations. Similarly, situations or transactions arising out of a conflict can result in either inappropriate financial gain or the appearance of a lack of integrity in RFL’s decision-making process. Both results are damaging to RFL and are to be avoided.

2. Who is governed by this policy? This policy applies to all Board Members and to the Executive Director of RFL. RFL takes a broad view of conflicts and board/staff are urged to think of how a situation/transaction would appear to outside parties and reflect upon RFL when identifying conflicts or possible conflicts of interest.

3. Disclosure of Conflicts. Board members and staff will annually disclose and promptly update any disclosures previously made of all known conflicts. In addition, board and staff shall disclose conflicts as they arise and must abstain from participating in any board discussion or vote related to the matter until the full board determines that no conflict exists. Advance disclosure of any potential conflict or potential for an appearance of conflict must occur prior to the board discussion so that a determination may be made as to the appropriate plan of action to manage the conflict. Disclosure can be made directly to the Board President or Executive Director prior to a meeting or to the full board at the board meeting in which the matter is to be discussed.

4. Procedures to manage conflicts. For each interest disclosed, the full board will determine the proper course of action in the best interests of RFL. Decisions involving a conflict will be made only be disinterested persons. The fact that a conflict was managed and the outcome will be documented in the minutes of board meetings.

5. Ongoing Monitoring. The Executive Director will monitor proposed or ongoing transactions of the RFL (e.g., contracts with vendors and collaborations with third parties) for conflicts of interest and disclose them to the Board and staff, as appropriate, whether discovered before or after the transaction has occurred.

Conflict Disclosures

Please describe below any relationships, transactions, positions you hold (volunteer or otherwise), or circumstances that you believe could contribute to a conflict of interest between RFL and your personal interests, financial or otherwise:

I have no conflict of untested to reportI have the following conflict of interest to report (please specify other nonprofit and for-profit boards you (and your spouse) sit on, any for-profit businesses for which you or an immediate family member are an officer or director, or a majority shareholder, and the name of your employer and any businesses you or a family member own):

I hereby certify that the information set forth above is true and complete to the best of my knowledge. I have reviewed, and agree to abide by, the Roaring Fork Leadership’s Conflict of Interest Policy.

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