Company Name: Toronto Montessori School (TMS) Policy Title: Conflict of Interest Policy Policy Owner: Vince Haines, CAO
Approver: Andrew Cross, Head of School Version: 1 Last Review: September 30th 2021
Conflict of Interest and Code of Ethics Policy Policy Statement It is the policy of TMS (TMS) to follow the highest ethical standards in the conduct of its own affairs in the interest of the TMS Students, Parents, the Board of Trustees, Staff and Faculty members. The faculty, staff, administrators and Board at TMS recognize a responsibility to ensure that they conduct themselves in an unbiased manner and serve the goals of the School (the “School”). It is thus the responsibility of TMS, its employees and its Board to guard against conflicts of interest, which might compromise the integrity and objectivity of the school community (“Conflict of Interest”). By adopting this Conflict of Interest Policy and Code of Ethics (“Conflict of Interest Policy”), TMS also (i) demonstrates its commitment to ethical principles that guide the School’s daily functions and purpose and (ii) establishes a mechanism to safeguard the School, employees, and Board integrity and objectivity so that school interactions can optimally benefit society.
Purpose This Conflict of Interest Policy has been prepared to outline the TMS approach to identifying and evaluating potential conflicts and assisting its employees in addressing conflict of interest issues. Also, this will provide employees, trustees and committee members with necessary guidelines to avoid conflicts of interest or the appearance of a conflict of interest between their financial or other personal interests and the goals and policies of the School.
Application This policy is applicable to: 1. 2. 3. 4.
All members of the TMS Board All members of TMS Committees Parent community All members of TMS Faculty and Staff
Definitions Family. For purposes of this policy, family is defined as a Board’s, Committee member’s or employee’s spouse and minor children. Financial Interest. Any relationship, including a consulting relationship, entered into by an employee or his or her family, other than employment by the School, which could result in a financial gain for the employee or his or her family. Conflicts of Interest: Many employees, Board or Committee members either occupy positions that allow them to influence School decisions, or they have been entrusted with the authority to make decisions for the School. A Conflict of Interest exists if one’s position or authority may be used to influence or make decisions that lead to any form of financial or personal gain for the individual or for his or her family.
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