Article archive / March 1, 2010
Originally published: . Volume 1, No. 7. Source pages: 3.
In order to comply with legal and tax standards, LPA’s executive committee adopted a conflict of interest policy in 2008. The policy defines conflict of interest and notes that it “arises when a person in authority could benefit financially from a decision he or she could make in that capacity…” The policy was adopted to bring LPA up to date with necessary standards in accounting practices.
The policy instructs persons in positions to disclose to the President their holdings, family connections, or affiliations with other businesses or organizations that could result in conflict of interest.
The policy also describes how the President is to manage these issues, including taking steps to ensure full disclosure, having the individual recuse himself or herself from certain decisions, or asking for their resignation.
The document also includes a “Whistleblower Policy.” LPA is to encourage complaints and inquiries about serious violations, and prohibit retaliation for those making good faith complaints.
This article is part of a historical newspaper archive. Read the original issue for its original layout, photographs and graphics.