Orientation & Training - Conflict of interest

Sample Wording

When a situation of (perceived) conflict of interest occurs, the volunteer shall report this to the coordinator of volunteer resources for further consultation.

It is the duty of any volunteer in this organization to adhere to the Conflict of Interest Policy at all times. In the event that such a matter arises, the person shall formally disclose the interest, refrain from attempting to persuade or influence other persons participating in the decision, and shall not cast any vote on the matter.

Why?

An organization stands to lose its credibility (or worse, it's funding, community support or may even be breaking the law) if volunteers pursue their private agenda or interests (or are perceived to be doing so).Important to define conflict of interest and ensure that volunteers understand the term and its implications.

Conflict of interest statement
Conflict of interest arises when a person participates in a decision about a matter (including any contract or arrangement of employment, leasing, sale or provision of goods and services) which may benefit or be seen to benefit that person because of his/her direct or indirect monetary or financial interests affected by or involved in that matter.

or

Conflict of interest arises when a volunteer on behalf of himself or herself, another company or entity promotes, attempts to promote, or appears to promote a private, personal or business interest. Or when the volunteer may personally derive advantage or benefit (financial or otherwise) from a decision s/he may have directly or indirectly influenced or from disclosure or use of organizational information.