[OMS_MANAGERS] Conflict of Interest Policy

[Tyler Ferrari]

Hey Donna,

Here is the current language the Dallas Downtown Association uses:


   1.

   For the purpose of this Article, a conflict of interest transaction is a
   transaction with the DDA in which the Director has a direct or indirect
   interest; provided that the status of a
   2.

   Director as a resident of the City of Dallas, Polk County or State of
   Oregon shall not, in and of itself, constitute a conflict of interest.
   3.

   A Director shall declare to the board of directors any conflict of
   interest or potential conflict of interest on their part which they know or
   have reason to know, concerning any proposed action of the board of
   directors. A transaction in which a Director may have a conflict of
   interest may be approved by the vote of the board of directors or a
   committee thereof if the material facts of the transaction and the
   Director’s interest are disclosed or known to the board of directors or
   committee; or by obtaining the approval of the Attorney General of the
   State of Oregon or any Circuit Court of the State of Oregon in an action in
   which the Attorney General is joined as a party. A conflict of interest
   transaction shall not be avoidable nor the basis for imposing liability on
   a Director if the transaction is fair to the DDA at the time it is entered
   into or approved as provided herein. For the purposes of this Section, a
   Director shall be deemed to have an indirect interest in a transaction if
   another entity in which the Director has a material interest or in which
   the Director is a general partner is a party to the transaction; or another
   entity of which the Director is a director, officer or trustee is a party
   to the transaction and the transaction is or should be considered by the
   board of directors of the DDA.
   4.

   A conflict of interest transaction shall be authorized, approved, or
   ratified by the affirmative vote of a majority of the Directors who have no
   direct or indirect interest in the transaction. No conflict of interest
   transaction may be authorized, approved, or ratified by a single Director.
   If a majority of the Directors, who have no direct or indirect interest in
   a transaction vote to authorize, approve, or ratify such transaction, a
   quorum shall be deemed present for the purpose of taking action under this
   Article.


Tyler Ferrari
Economic Development Specialist
503-831-3579



On Tue, Jun 18, 2024 at 9:26 AM City Club Forest Grove <
cityclubofforestgrove at gmail.com> wrote:

> Hello,
>
> Does anyone have a good conflict of interest policy I can use as a
> guideline?  We are a small community and some of us are on 2 non-profits
> which can conflict with each other. We need some language to help guide us
> during that process.
>
> *Thank you,*
> *Donna Gustafson, President*
> *The City Club of Forest Grove*
> *Check out our new Community Calendar <https://www.cityclubfg.com/events>*
> *Become a MEMBER <https://www.cityclubfg.com/services-7> to support
> downtown improvements, events, enhancements, preservation and take
> advantage of membership perks. Let's Grow Together. *
>
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