When board members have business ties with donors, it's crucial to navigate potential conflicts of interest to maintain trust and integrity. Here's how to manage these situations:

• Establish a conflict of interest policy: Create clear guidelines that define conflicts and require disclosure.

• Implement a disclosure process: Regularly ask board members to declare their business ties and recuse themselves from related decisions.

• Foster transparency: Keep stakeholders informed about how conflicts are managed to uphold transparency.

How do you handle conflicts of interest within your organization? Share your approach.