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The Headline Test

August 6, 2010 Posted by The Law Firm for Non-Profits, P.C. in Policy

These days, every nonprofit seems concerned about conflicts of interest and appropriate conduct of its board members and staff. Hewlett-Packard, the giant computer maker, has a very simple “Standard of Business Conduct.” (http://bit.ly/lfnp78) It is simple: “Before I make a decision, I consider how it would look in a news story.”

If your non-profit is considering revising its conflicts policy, this would be a good start. Of course, once adopted the policy must be enforced. If there is any doubt that your nonprofit should enforce its conflict policy, according the The Wall Street Journal, here’s what happened to HP’s CEO when he misstated information on an expense report (http://bit.ly/lfnp79). Hint: he now is the former CEO.

To download HP’s policy, click here (http://bit.ly/lfnp78).

NOTE: The information contained herein is not intended to be legal advice and the reader should know that no Attorney-Client relationship or privilege is formed by the posting or reading of this article which is also not intended to solicit business.

Casey Summar, Partner, The Law Firm for Non-Profits,1812 W Burbank Blvd, #7445, Burbank, CA 91506

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