Guest Ryan Clark Posted April 17, 2024 at 03:50 PM Report Share Posted April 17, 2024 at 03:50 PM Recently our organization has been presented with a business offer, and aims to vote on it very soon. It has come to our attention that one of the board members has a personal business relationship with the person/company presenting the offer. There are also three people on the board that are friends with the person who would negotiate the deal in the event that it passes. Is this an event where a conflict of interest is present, and should their votes be counted? Quote Link to comment Share on other sites More sharing options...
Guest Ryan Clark Posted April 17, 2024 at 03:55 PM Report Share Posted April 17, 2024 at 03:55 PM My apologies for the double post. If possible, you can delete this also. Quote Link to comment Share on other sites More sharing options...
Drake Savory Posted April 19, 2024 at 06:57 PM Report Share Posted April 19, 2024 at 06:57 PM If a member has a pecuniary (financial) interest in the motion, they should refrain from voting. However that is a recommendation; they cannot be prevented from voting. 45:4. Simply being friends is not a conflict of interest. Quote Link to comment Share on other sites More sharing options...
Gary Novosielski Posted April 19, 2024 at 09:50 PM Report Share Posted April 19, 2024 at 09:50 PM On 4/19/2024 at 2:57 PM, Drake Savory said: If a member has a pecuniary (financial) interest in the motion, they should refrain from voting. Presuming that this interest applies to him alone. If it is in common with other members, there is no problem Quote Link to comment Share on other sites More sharing options...
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