Conflict of interest arises when a Director’s private or personal interest supersedes or competes with his/her duties and responsibilities as a member of the Board. This could arise from an actual, potential or perceived apparent conflict of interest of a financial nature or other nature.
Members of the Board are obligated to perform their official duties and conduct themselves in a manner that will bear the closest public scrutiny given that colleges, and their Foundations, are part of the broader public sector and subject to more public scrutiny than private organizations.
This policy applies to all directors, including ex officio directors and all non-board members of committees as well as Foundation and College employees. You can find a copy of the George Brown College Foundation’s Conflict of Interest Policy here.