Conflict of Interest Policy

Definition

A conflict of interest arises when a person in a position of authority over Yosemite Gateway Partners (YGP), such as a director, officer, or manager, may benefit personally from a decision he or she could make. This conflict of interest policy consists of a set of procedures to follow to avoid the possibility that those in positions of authority over an organization may receive an inappropriate benefit.

Financial Interest

A person has a financial interest if the person has, directly or indirectly, through business, investment, or family:

A financial interest is not necessarily a conflict of interest. A person who has a financial interest may have a conflict of interest only if the governing board or committee decides that a conflict of interest exists.

Compensation

Compensation includes direct and indirect remuneration as well as gifts or favors that are not insubstantial. All forms of income from working, including salary or wages; deferred compensation; retirement benefits, whether in the form of a qualified or non-qualified employee plan (for example: pensions or annuities); fringe benefits (for example: personal vehicle, meals, lodging, personal and family educational benefits, low interest loans, payment of personal travel, entertainment, or other expenses, athletic or country club membership, and personal use of your property); and bonuses.

Procedures