Conflict of Interest Policy

Board Membership | Emeritus Trustees | Meeting Dates
Roles and Responsibilities | Terms of Office | Conflict of Interest Policy

Nazareth College of Rochester, as a non-profit education corporation, relies upon the participation of the members of the Board of Trustees and members of committees of the Board to carry out the purposes set forth in the College's charter and to fulfill its mission. The Trustees and members of committees of the Board, who give of their time and talent for the benefit of the College, serve in a fiduciary capacity and therefore have a responsibility to avoid conflicts of interest in the performance of their duties through disclosure, abstention from voting, or such other actions as may be appropriate.

It is recognized that actual or potential conflicts of interest may arise because of the multiple interests and activities of the Trustees and committee members. However, Trustees and committee members have a responsibility to discharge their duties in good faith, with a high degree of diligence, care and skill, for the sole benefit of the College.

Pursuant to the Policy, Trustees and committee members shall be required to file an annual disclosure statement with the Chairman of the Board of Trustees. The Chairman of the Committee on Trusteeship shall receive from the Chairman of the Board copies of the disclosure statements.

Any Trustee or committee member having an actual or potential conflict of interest which might affect or appear to affect his or her position or action in any matter coming before the Board or any committee of the Board shall disclose the conflict, shall not vote or use his or her personal influence to effect the voting on such matter, and such member should not be counted in determining the quorum of a meeting at which action on such matter is to be taken. The minutes of the meeting shall reflect the individual's abstention from voting.

This policy is not intended to prohibit trustees and committee members from furnishing services or goods or otherwise entering into business relationships with the College. However, such an arrangement or contract must be pursuant to an arm's length agreement for fair and reasonable consideration, with the exception that the College may receive donated or discounted goods and services.

The Policy on Conflict of Interest is adopted for the guidance of the trustees and committee members and is to be enforced solely by the Board of Trustees