Momentum Collective has a duty to disclose all conflicts of interest. We require all individuals, up to and including the board, to proactively report potential conflicts as they arise. These may include, but not limited to:
- Artistic/Professional Ties
- Family Benefit
- Dual Affiliations
- Profiteering
- Financial Inurement
An “Interested Person” must disclose all material facts regarding a potential conflict to the board or committee. After the individual presents the facts, they circumstances will be discussed by the disinterested board members. These board members will vote on whether a conflict exists. If a conflict exists, the board will investigate whether a more advantageous arrangement is possible without a conflict. If no alternative is feasible, the board may approve the recusal or removal of the Interested Party by a majority vote of disinterested members, provided it is fair and in the organization’s best interest.
If the Board of Directors has reason to believe that a Interested Person has failed to disclose an actual or potential conflict of interest, it shall inform the person of the basis for such belief and afford the person an opportunity to explain the alleged failure to disclose. If, after hearing the response of the Interested Person and making such further investigation as may be warranted in the circumstances, the Board determines that the Interested Person has in fact failed to disclose an actual or possible conflict of interest, it shall take such disciplinary and corrective action as it deems necessary and appropriate, in its discretion.