Title
Revised Conflict of Interest Form for Director Mark Ekrut, District 3
Other Info
Submitted By: Don Ballard
Department: General Counsel
Financial Impact and Cost/Benefit Considerations: N/A
Discussion
Section 5.3 of the Board’s Conflict of Interest Policy provides that “The minutes of all Board meetings should record all disclosures, votes, authorizations, and other actions taken under this Policy.”
Conflict of Interest Policy - Purpose:
It is the Policy of the Board of Directors to govern the affairs of the Cooperative with fairness, integrity, and without regard to personal gain. A conflict of interest generally exists when a Director or certain Cooperative officers and employees have a personal interest in a matter of such nature and magnitude that an antagonism may exist between personal interest and that of the Cooperative. In such cases, a person may not be able to exercise independent and objective judgment on the matter in the best interests of the Cooperative. This Conflict of Interest Policy represents the framework in how the Board addresses conflicts, appearances of conflicts, and disclosure of necessary information to ensure transparency and integrity in decision-making.