Conflict of interests Board Pack

All boards are wanting and needing to foster a positive culture of transparency in regard to conflict of interests. Most boards believe that they have built sufficient trust and have an environment which makes it easy to actively self-disclose potential conflict of interests. 

Has your board got this quite right yet? Conflict of interests possess an inherent ability to shape the destiny of individual directors, and their mishandling can have far-reaching consequences.

Directors must cultivate a mind-set that is attuned to the complexities and nuances of conflicts, demonstrating a commitment to upholding the highest standards of ethical conduct. 

The Board Pack includes

Introduction resources:

• Thought starter: A quick introduction to Conflict of interests presented by Richard Westlake
• How to use this board pack: A quick one-page guide of the documents included in the board pack and how to use them

Discussion documents:

• Managing conflict of interests: This overview document can be downloaded and shared with your whole board prior to your discussion session. The pack contains a range of information and concepts about the topic of conflict of interests including disclosure, board culture and some questions that will be useful in applying the thinking to your own organisations as well as additional resources to provide extra information and insight.
• Board paper: Designed to be easily integrated into your board pack and can be customised with your organisation's information, such as subject, author, date, and current policies. You can modify the provided text to suit your organisation's specific needs
• Presentation slide deck: Designed as an editable presentation for you to use during your board meeting and to share in advance as part of your board papers. It includes commercial examples, regulatory and legislative information, policies, risks, implications, and questions for your board to consider. Additionally, it contains a conflict of interests procedure and a set of discussion prompts
• Discussion questions:  A one-page document with key questions to help guide your board meeting discussion

Templates:

• Conflict of Interests Policy template: An editable sample policy which can be modified to meet the needs of your organisation
• Interests Register template: An example of how to capture interests and relevant details.
• Interests Declarations template: A guide to recording declarations of conflicts and the management strategy adopted by the board.

Let IoD support your board knowledge whilst gaining 2 CPD points as professional learning. 

Board Packs terms and conditions

Find out more here.