Skyline Athletic Booster Club

Conflict of Interest Policy

• All Directors must serve without compensation or private inurement to himself. No private inurement may result from acquisitions of property or services, from partnership or joint venture arrangements or management service organizations, from agreements to provide charitable services and agreements. No agreement or arrangement may result in use, benefit or advantage or other impermissible private benefit to a board member.
• Any possible conflict of interest with respect to any issue on the part of any Director shall be disclosed to the other Directors prior to any discussion or action by the Board or a committee of the Board where the issue could become a matter of action.  Disclosure may be made verbally to all Directors or by way of an annual report of affiliations.  A conflict of interest shall be made a matter of record.
• Any Director who has a possible conflict of interest with respect to any matter shall not participate in the discussion on the transaction or arrangement that results in a conflict of interest. In addition, the Director may neither vote nor exercise any personal influence in the disposition of such matter.  The minutes of the meeting shall reflect the disclosure and the Director’s abstention from participation.
• Although a Director with any possible conflict of interest shall not vote or exercise personal influence in the disposition of such a matter, the Director shall report fully all pertinent knowledge about the matter and answer freely why a proposed decision or transaction could, or would not, be in the best interest of the Corporation.
• The President will circulate to all Directors an annual questionnaire at the August board meeting and other forms as may be necessary to further compliance with this Conflict of Interest Policy.
• If the board or committee has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. The board may hold a further investigation and if deemed necessary shall take disciplinary or corrective action under Section 2.4 “Suspension of Membership” of the Bylaws.

Adopted:

__21_ Day of October, 2008