National Association of Housing Cooperatives

Conflict of Interest Policy

     The conflict of interest policy appearing below was adopted by the NAHC Board of Directors as a method to steer clear of unethical behavior by disclosing relationships that might influence board decisions.

             1.         Policy Statement.  All Directors, Officers, Employee and Volunteers (the “Insiders”) should avoid both actual and apparent conflicts of interest that would interfere with their ability to discharge their fiduciary responsibilities to the National Association of Housing Cooperatives (“NAHC”).  NAHC requires all Insiders to follow ethical standards, to be in compliance with all laws, and to avoid any undisclosed conflict of interest, or appearance of such.

            2.         Conflict of Interest Defined.  The term "conflict of interest" includes, but is not limited to, circumstances where an Insider, or a member of his or her immediate family (spouse or domestic partner and child, sibling, or their spouse(s) or domestic partner(s)):

(a)       Owns any financial or other proprietary interest in any entity supplying (or seeking to supply) goods or services to NAHC;

(b)       Receives any substantial benefit from a third party on account of that party's past, present, or future business relationship with NAHC;

(c)       Receives any substantial financial benefit from a pending decision of NAHC, other than an employee’s salary in the normal course of NAHC’s operations; or

(d)       Serves as an officer, director, employee or committee member of any competing organization, i.e., any nonprofit (excluding NAHC’s regional associations) or business enterprise whose purposes, products, and/or services compete, or conflict with those of NAHC.

            3.         Disclosure of the Existence of a Conflict.  If any Insider of NAHC knows, believes, or has reason to know or believe, that a conflict of interest exists with respect to any transaction involving NAHC, or any decision of the Board, or any action taken by an

Insider, such person shall inform the Board of the existence of such conflict of interest or potential conflict of interest.

            4.         Effect of the Existence of a Conflict of Interest.  In the event that it is determined that a conflict of interest exists, and the Insider has made full disclosure of the facts surrounding the conflict, then the Board of Directors shall determine whether the Insider may fully participate in the deliberations and vote on, or participate in the proposed transaction.  If the Insider merely discloses the existence of the conflict of interest or potential conflict of interest, yet fails to disclose or is prohibited from disclosing all material facts regarding the conflict, then such Insider shall be prohibited from participating in any manner or form in the deliberations or decisions regarding the affected transaction.

DISCLOSURE STATEMENT

            I have reviewed the NAHC Conflict of Interest Policy and agree to be bound by its provisions for the duration of my appointed or elected term, or employment. 

            Competing organizations or other vendors or persons with whom I have business relationships and organizations on whose Boards I sit or serve as a consultant:

 Name                                                                   

__________________________________________  

Signature                                                                

Title                                                                          

Date to Date