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How to Avoid Conflicts of Interest in Not-for-Profit Organizations

Learn how to spot and avoid conflicts of interest in the nonprofit sector.

This topic will help you understand the issues surrounding conflicts of interest in the nonprofit sector. You will come away with an overview of how to spot potential conflicts of interest and the tools to avoid conflicts through an understanding of fiduciary duties bolstered by sound policies and practical procedures. The material will address ways to develop policies and procedures that avoid conflicts of interest, as well as a clear guide to the risks of not having these safeguards.

Runtime: 89 minutes
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Identifying a Conflict of Interest

  • Definition of Conflict of Interest
  • Common Examples of Conflicts
  • Disclosures and Documentation

Director Duties and Conflicts

  • Duty of Care
  • Duty of Loyalty
  • Duty of Obedience

Practical Policies for Nonprofit Organizations

  • Purpose of Policies
  • Drafting a Policy That Works

Evaluating Conflicts in the Real World

  • Related Party Transactions
  • Compensation Decisions
  • Awarding Contracts
  • Avoiding and Mitigating Conflicts

Risks Associated With Conflicts of Interest

  • Excess Benefit Transactions
  • Intermediate Sanctions
  • Private Inurement and Benefit
  • Loss of Tax-Exemption
  • Public Opinion Issues
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on December 1, 2020.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.0
     
  • HI CLE 1.25
     
  • ME CLE 1.0
     
  • NJ CLE 1.8
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Jennifer A. Gniady

Jennifer A. Gniady

Stradley Ronon Stevens & Young, LLP

  • Counsel in Stradley Ronon Stevens & Young, LLP’s nonprofit and religious organizations practice
  • Extensive experience counseling nonprofits on complex issues of governance, corporate structure, and tax-exempt status, as well as unique First Amendment issues for churches and religious organizations
  • Regularly speaks, presents, and publishes on nonprofit issues for national audiences
  • Named a Super Lawyer Rising Star in D.C. and Virginia
  • Clerked for the D.C. Court of Appeals
  • J.D. degree, Fordham University School of Law; B.S. degree, Syracuse University
  • Can be contacted at, and detailed experience available at, https://www.stradley.com/professionals/g/gniady-jennifer
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 402875
Published 2020
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